DVA vs TPST: Correlation
DaVita (DVA) and Tempest Therapeutics, Inc. (TPST) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVA and TPST?
On 3 years of weekly data the DVA/TPST correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.06 versus -0.25 over 3 years. The 5-year figure is -0.20, and annualized covariance runs at -8133.5 %².
Within DVA's tracked universe of 38 assets, TPST comes in at #33 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DVA ahead by 120.0 points (+30.0% versus -90.0%). Risk is not evenly split, since TPST carries 19.1 times the volatility of the other side.
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 TPST: side by side
| DVA (DaVita) | TPST (Tempest Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +30.0% | -90.0% |
| 5-year return | +36.4% | -99.4% |
| Volatility (ann.) | 40.9% | 782.8% |
| Beta vs S&P 500 | 0.38 | 1.97 |
| Max drawdown (3Y) | -41.4% | -99.3% |
| Market cap | $11.4B | – |
| P/E (trailing) | 15.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DVA | TPST |
|---|---|---|
| 2022 | -34.4% | -78.2% |
| 2023 | +40.3% | +282.6% |
| 2024 | +42.8% | -81.0% |
| 2025 | -24.0% | -73.6% |
| 2026 | +57.5% | -62.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVA and TPST good diversifiers for each other?
Yes. With a correlation of -0.25, DVA and TPST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DVA and TPST?
As of 2026-08-27, the correlation of weekly returns between DVA and TPST is -0.25 over 3 years, -0.06 over 1 year and -0.20 over 5 years.
Is TPST a good diversifier for DVA?
Yes. With a correlation of -0.25, DVA and TPST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: DVA correlations · TPST correlations
