DVA vs UHS: Correlation
Measured on weekly returns over the past three years, DaVita (DVA) and Universal Health Services (UHS) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVA and UHS?
Across a 3-year window, the weekly returns of DVA and UHS correlate at 0.26, weak. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. Stretching to 5 years gives 0.19, with an annualized covariance of 327.6 %².
By 3-year correlation, UHS places #21 of the 38 assets tracked against DVA. Their recent paths diverged sharply: over the last 12 months DVA outperformed by 35.0 percentage points (+30.0% for DVA against -5.0% for UHS). The relationship is regime-dependent: the rolling one-year correlation swung between -0.23 and 0.37 over the past three years, so this pair behaves very differently depending on the market environment.
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 UHS: side by side
| DVA (DaVita) | UHS (Universal Health Services) | |
|---|---|---|
| 1-year return | +30.0% | -5.0% |
| 5-year return | +36.4% | +13.5% |
| Volatility (ann.) | 40.9% | 31.1% |
| Beta vs S&P 500 | 0.38 | 0.60 |
| Max drawdown (3Y) | -41.4% | -42.0% |
| Market cap | $11.4B | $10.2B |
| P/E (trailing) | 15.3 | 7.3 |
| Dividend yield | 0.00% | 0.45% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | DVA | UHS |
|---|---|---|
| 2022 | -34.4% | +9.4% |
| 2023 | +40.3% | +8.8% |
| 2024 | +42.8% | +18.2% |
| 2025 | -24.0% | +22.0% |
| 2026 | +57.5% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVA and UHS good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DVA and UHS?
As of 2026-08-27, the correlation of weekly returns between DVA and UHS is 0.26 over 3 years, 0.27 over 1 year and 0.19 over 5 years.
Is UHS a good diversifier for DVA?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 mean?
A reading of 0.26 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-uhs.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DVA correlations · UHS correlations
