DXCM vs PVLA: Correlation
Dexcom (DXCM) and Palvella Therapeutics, Inc. (PVLA) show a negative relationship: their 3-year correlation of weekly returns is -0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXCM and PVLA?
On 3 years of weekly data the DXCM/PVLA correlation comes out at -0.41, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.41 over 3 years. The 5-year figure is -0.18, and annualized covariance runs at -2035.4 %².
Among the 28 assets we track against DXCM, PVLA sits near the bottom by co-movement, at rank #28. Their recent paths diverged sharply: over the last 12 months PVLA outperformed by 149.4 percentage points (+16.9% for DXCM against +166.3% for PVLA). Risk is not evenly split, since PVLA carries 2.3 times the volatility of the other side.
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.
DXCM vs PVLA: side by side
| DXCM (Dexcom) | PVLA (Palvella Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +16.9% | +166.3% |
| 5-year return | -31.5% | -62.3% |
| Volatility (ann.) | 46.7% | 105.3% |
| Beta vs S&P 500 | 1.02 | 0.24 |
| Max drawdown (3Y) | -61.0% | -77.6% |
| Market cap | $33.7B | $2.2B |
| P/E (trailing) | 35.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DXCM | PVLA |
|---|---|---|
| 2022 | -15.6% | -72.5% |
| 2023 | +9.6% | -82.5% |
| 2024 | -37.3% | -17.6% |
| 2025 | -14.7% | +772.2% |
| 2026 | +34.5% | +43.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXCM and PVLA good diversifiers for each other?
Yes. With a correlation of -0.41, DXCM and PVLA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DXCM and PVLA?
As of 2026-08-27, the correlation of weekly returns between DXCM and PVLA is -0.41 over 3 years, -0.04 over 1 year and -0.18 over 5 years.
Is PVLA a good diversifier for DXCM?
Yes. With a correlation of -0.41, DXCM and PVLA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.41 mean?
A reading of -0.41 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/dxcm-vs-pvla.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dxcm-vs-pvla/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DXCM correlations · PVLA correlations
