DVA vs TII: Correlation
How closely do DaVita (DVA) and Titan Mining Corporation (TII) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVA and TII?
Over the past 3 years, DVA and TII moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.21 over 3. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -799.8 %².
Within DVA's tracked universe of 38 assets, TII comes in at #26 by 3-year correlation. The last year tells two different stories: TII led by 76.1 percentage points, +30.0% for DVA against +106.1% for TII. Note the risk asymmetry: TII runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DVA vs TII: side by side
| DVA (DaVita) | TII (Titan Mining Corporation) | |
|---|---|---|
| 1-year return | +30.0% | +106.1% |
| 5-year return | +36.4% | +633.2% |
| Volatility (ann.) | 40.9% | 94.7% |
| Beta vs S&P 500 | 0.38 | 0.43 |
| Max drawdown (3Y) | -41.4% | -63.6% |
| Market cap | $11.4B | $0.3B |
| P/E (trailing) | 15.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DVA | TII |
|---|---|---|
| 2022 | -34.4% | -15.7% |
| 2023 | +40.3% | -25.1% |
| 2024 | +42.8% | -19.3% |
| 2025 | -24.0% | +826.4% |
| 2026 | +57.5% | -3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVA and TII good diversifiers for each other?
Yes. With a correlation of -0.21, DVA and TII have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DVA and TII?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.27 over the last year and -0.05 over 5 years.
Is TII a good diversifier for DVA?
Yes. With a correlation of -0.21, DVA and TII have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dva-vs-tii.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dva-vs-tii/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DVA correlations · TII correlations
