DVA vs ULS: Correlation
Measured on weekly returns over the past three years, DaVita (DVA) and UL Solutions Inc. (ULS) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVA and ULS?
Across a 3-year window, the weekly returns of DVA and ULS correlate at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 493.6 %².
Among the 38 assets we track against DVA, ULS ranks #17 by 3-year correlation. Over the last 12 months DVA came out ahead by 9.7 percentage points (+30.0% against +20.3%).
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 ULS: side by side
| DVA (DaVita) | ULS (UL Solutions Inc.) | |
|---|---|---|
| 1-year return | +30.0% | +20.3% |
| 5-year return | +36.4% | n/a |
| Volatility (ann.) | 40.9% | 35.3% |
| Beta vs S&P 500 | 0.38 | 0.47 |
| Max drawdown (3Y) | -41.4% | -29.4% |
| Market cap | $11.4B | $15.3B |
| P/E (trailing) | 15.3 | 30.3 |
| Dividend yield | 0.00% | 0.73% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DVA | ULS |
|---|---|---|
| 2022 | -34.4% | – |
| 2023 | +40.3% | – |
| 2024 | +42.8% | – |
| 2025 | -24.0% | +59.3% |
| 2026 | +57.5% | -3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVA and ULS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DVA and ULS?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.41 over the last year and n/a over 5 years.
Is ULS a good diversifier for DVA?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 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.
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Related comparisons
Hubs: DVA correlations · ULS correlations
