IDXX vs PODD: Correlation
How closely do Idexx Laboratories (IDXX) and Insulet Corporation (PODD) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDXX and PODD?
Across a 3-year window, the weekly returns of IDXX and PODD correlate at 0.42, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.30 versus 0.42 over 3 years. Stretching to 5 years gives 0.47, with an annualized covariance of 501.1 %².
By 3-year correlation, PODD places #23 of the 35 assets tracked against IDXX. Correlation aside, the last 12 months split them widely, with IDXX ahead by 42.2 points (-14.9% versus -57.1%). On a rolling one-year basis the correlation drifted between 0.26 and 0.58, a moderate band.
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.
IDXX vs PODD: side by side
| IDXX (Idexx Laboratories) | PODD (Insulet Corporation) | |
|---|---|---|
| 1-year return | -14.9% | -57.1% |
| 5-year return | -20.7% | -51.6% |
| Volatility (ann.) | 30.9% | 38.9% |
| Beta vs S&P 500 | 1.01 | 0.67 |
| Max drawdown (3Y) | -37.4% | -62.2% |
| Market cap | $42.9B | $9.9B |
| P/E (trailing) | 38.9 | 26.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | IDXX | PODD |
|---|---|---|
| 2022 | -38.0% | +10.6% |
| 2023 | +36.1% | -26.3% |
| 2024 | -25.5% | +20.3% |
| 2025 | +63.6% | +8.9% |
| 2026 | -19.4% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDXX and PODD good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IDXX and PODD?
The IDXX/PODD correlation stands at 0.42 on a 3-year window (1 year: 0.30, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is PODD a good diversifier for IDXX?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/idxx-vs-podd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/idxx-vs-podd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IDXX correlations · PODD correlations
