DVA vs TXRH: Correlation
How closely do DaVita (DVA) and Texas Roadhouse, Inc. (TXRH) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVA and TXRH?
Across a 3-year window, the weekly returns of DVA and TXRH correlate at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 392.4 %².
Among the 38 assets we track against DVA, TXRH ranks #15 by 3-year correlation. The trailing year gives DVA the advantage: +30.0% versus +16.4%, a 13.6-point spread. Note the risk asymmetry: DVA runs 1.6 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 TXRH: side by side
| DVA (DaVita) | TXRH (Texas Roadhouse, Inc.) | |
|---|---|---|
| 1-year return | +30.0% | +16.4% |
| 5-year return | +36.4% | +134.1% |
| Volatility (ann.) | 40.9% | 25.6% |
| Beta vs S&P 500 | 0.38 | 0.52 |
| Max drawdown (3Y) | -41.4% | -24.8% |
| Market cap | $11.4B | $13.1B |
| P/E (trailing) | 15.3 | 32.6 |
| Dividend yield | 0.00% | 1.40% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DVA | TXRH |
|---|---|---|
| 2022 | -34.4% | +4.2% |
| 2023 | +40.3% | +37.1% |
| 2024 | +42.8% | +49.8% |
| 2025 | -24.0% | -6.6% |
| 2026 | +57.5% | +21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVA and TXRH good diversifiers for each other?
Reasonably. At 0.37, DVA and TXRH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DVA and TXRH?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.32 over the last year and 0.34 over 5 years.
Is TXRH a good diversifier for DVA?
Reasonably. At 0.37, DVA and TXRH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dva-vs-txrh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dva-vs-txrh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DVA correlations · TXRH correlations
