NTRA vs RDNT: Correlation
Natera, Inc. (NTRA) and RadNet, Inc. (RDNT) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTRA and RDNT?
Over the past 3 years, NTRA and RDNT moved with a correlation of 0.58, which is moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.58 over 3. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 1110.3 %².
RDNT is one of the assets that tracks NTRA most closely: it ranks #1 out of the 12 assets we track against NTRA. Their recent paths diverged sharply: over the last 12 months NTRA outperformed by 102.0 percentage points (+107.7% for NTRA against +5.7% for RDNT).
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.
NTRA vs RDNT: side by side
| NTRA (Natera, Inc.) | RDNT (RadNet, Inc.) | |
|---|---|---|
| 1-year return | +107.7% | +5.7% |
| 5-year return | +182.7% | +146.0% |
| Volatility (ann.) | 45.2% | 42.6% |
| Beta vs S&P 500 | 1.27 | 1.29 |
| Max drawdown (3Y) | -39.9% | -46.8% |
| Market cap | $48.8B | $5.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NTRA | RDNT |
|---|---|---|
| 2022 | -57.0% | -37.5% |
| 2023 | +55.9% | +84.7% |
| 2024 | +152.7% | +100.9% |
| 2025 | +44.7% | +2.2% |
| 2026 | +47.8% | +5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTRA and RDNT good diversifiers for each other?
Only partially. A correlation of 0.58 means NTRA and RDNT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between NTRA and RDNT?
As of 2026-08-27, the correlation of weekly returns between NTRA and RDNT is 0.58 over 3 years, 0.52 over 1 year and 0.56 over 5 years.
Is RDNT a good diversifier for NTRA?
Only partially. A correlation of 0.58 means NTRA and RDNT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
A reading of 0.58 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NTRA correlations · RDNT correlations
