DVA vs TSLX: Correlation
How closely do DaVita (DVA) and Sixth Street Specialty Lending, Inc. (TSLX) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVA and TSLX?
Across a 3-year window, the weekly returns of DVA and TSLX correlate at -0.30, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.59) runs below the 3-year figure (-0.30). Stretching to 5 years gives -0.10, with an annualized covariance of -248.4 %².
Out of 38 assets tracked against DVA, TSLX lands near the bottom at #37. The last year tells two different stories: DVA led by 45.0 percentage points, +30.0% for DVA against -15.0% for TSLX. One caveat on sizing: DVA is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TSLX: side by side
| DVA (DaVita) | TSLX (Sixth Street Specialty Lending, Inc.) | |
|---|---|---|
| 1-year return | +30.0% | -15.0% |
| 5-year return | +36.4% | +35.2% |
| Volatility (ann.) | 40.9% | 20.5% |
| Beta vs S&P 500 | 0.38 | 0.60 |
| Max drawdown (3Y) | -41.4% | -29.0% |
| Market cap | $11.4B | $1.8B |
| P/E (trailing) | 15.3 | 19.9 |
| Dividend yield | 0.00% | 10.04% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DVA | TSLX |
|---|---|---|
| 2022 | -34.4% | -16.4% |
| 2023 | +40.3% | +35.3% |
| 2024 | +42.8% | +8.8% |
| 2025 | -24.0% | +11.5% |
| 2026 | +57.5% | -9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVA and TSLX good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DVA and TSLX?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.59 over the last year and -0.10 over 5 years.
Is TSLX a good diversifier for DVA?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dva-vs-tslx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dva-vs-tslx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DVA correlations · TSLX correlations
