DVA vs VTRS: Correlation
Measured on weekly returns over the past three years, DaVita (DVA) and Viatris (VTRS) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVA and VTRS?
On 3 years of weekly data the DVA/VTRS correlation comes out at 0.36, moderate. The past 12 months show a tighter link (0.60) than the 3-year average (0.36). The 5-year figure is 0.32, and annualized covariance runs at 488.4 %².
Among the 38 assets we track against DVA, VTRS ranks #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VTRS outperformed by 37.8 percentage points (+30.0% for DVA against +67.8% for VTRS). This link changes with the market regime, having swung between -0.03 and 0.60 on a rolling one-year basis.
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 VTRS: side by side
| DVA (DaVita) | VTRS (Viatris) | |
|---|---|---|
| 1-year return | +30.0% | +67.8% |
| 5-year return | +36.4% | +44.6% |
| Volatility (ann.) | 40.9% | 32.8% |
| Beta vs S&P 500 | 0.38 | 0.79 |
| Max drawdown (3Y) | -41.4% | -45.0% |
| Market cap | $11.4B | $19.4B |
| P/E (trailing) | 15.3 | – |
| Dividend yield | 0.00% | 2.85% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | DVA | VTRS |
|---|---|---|
| 2022 | -34.4% | -14.3% |
| 2023 | +40.3% | +2.1% |
| 2024 | +42.8% | +19.7% |
| 2025 | -24.0% | +5.1% |
| 2026 | +57.5% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVA and VTRS good diversifiers for each other?
Reasonably. At 0.36, DVA and VTRS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DVA and VTRS?
As of 2026-08-27, the correlation of weekly returns between DVA and VTRS is 0.36 over 3 years, 0.60 over 1 year and 0.32 over 5 years.
Is VTRS a good diversifier for DVA?
Reasonably. At 0.36, DVA and VTRS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dva-vs-vtrs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dva-vs-vtrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DVA correlations · VTRS correlations
