FMS vs. DVA
FMS (Fresenius Medical Care AG & Co. KGaA) and DVA (DaVita Inc.) are both stocks. Both operate in the Medical Care Facilities industry within the Healthcare sector. Over the past 10 years, FMS returned -3.31%/yr vs 10.73%/yr for DVA. At a 0.29 correlation, their price movements are largely independent.
Performance
FMS vs. DVA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FMS achieves a 2.15% return, which is significantly lower than DVA's 84.56% return. Over the past 10 years, FMS has underperformed DVA with an annualized return of -3.31%, while DVA has yielded a comparatively higher 10.73% annualized return.
FMS
- 1D
- -0.85%
- 1M
- 8.09%
- YTD
- 2.15%
- 6M
- 1.72%
- 1Y
- -9.24%
- 3Y*
- 1.93%
- 5Y*
- -7.90%
- 10Y*
- -3.31%
DVA
- 1D
- 0.85%
- 1M
- 5.62%
- YTD
- 84.56%
- 6M
- 79.97%
- 1Y
- 53.12%
- 3Y*
- 28.98%
- 5Y*
- 11.74%
- 10Y*
- 10.73%
FMS vs. DVA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMS Fresenius Medical Care AG & Co. KGaA | 2.15% | 8.11% | 11.86% | 30.88% | -48.42% | -20.28% | 14.76% | 15.62% | -37.60% | 25.49% |
DVA DaVita Inc. | 84.56% | -24.03% | 42.75% | 40.30% | -34.36% | -3.10% | 56.47% | 45.80% | -28.78% | 12.54% |
Correlation
The correlation between FMS and DVA is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 1996 | 0.29 |
The correlation between FMS and DVA shifts across timeframes, from 0.29 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FMS:
€1.65
DVA:
$13.07
FMS:
12.39
DVA:
16.05
FMS:
0.46
DVA:
2.50
FMS:
0.61
DVA:
0.91
FMS:
€19.36B
DVA:
$13.84B
FMS:
€5.03B
DVA:
$3.23B
FMS:
€3.32B
DVA:
$2.49B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FMS vs. DVA — Risk / Return Rank
FMS
DVA
FMS vs. DVA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fresenius Medical Care AG & Co. KGaA (FMS) and DaVita Inc. (DVA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FMS | DVA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.30 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 1.70 | -2.01 |
| Martin ratioReturn relative to average drawdown | -0.54 | 3.80 | -4.35 |
Loading charts...
Drawdowns
FMS vs. DVA - Drawdown Comparison
The maximum FMS drawdown since its inception was -77.59%, smaller than the maximum DVA drawdown of -92.91%. Use the drawdown chart below to compare losses from any high point for FMS and DVA.
Loading charts...
Drawdown Indicators
| FMS | DVA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.59% | -92.91% | +15.32% |
Max Drawdown (1Y)Largest decline over 1 year | -29.82% | -31.36% | +1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -40.49% | -41.43% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -68.67% | -51.10% | -17.57% |
Max Drawdown (10Y)Largest decline over 10 years | -75.61% | -51.10% | -24.51% |
Current DrawdownCurrent decline from peak | -49.70% | -0.43% | -49.27% |
Average DrawdownAverage peak-to-trough decline | -23.83% | -20.04% | -3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.03% | 14.01% | +3.02% |
Volatility
FMS vs. DVA - Volatility Comparison
Fresenius Medical Care AG & Co. KGaA (FMS) has a higher volatility of 7.84% compared to DaVita Inc. (DVA) at 7.45%. This indicates that FMS's price experiences larger fluctuations and is considered to be riskier than DVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FMS | DVA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.84% | 7.45% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 24.10% | 35.07% | -10.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.27% | 43.08% | -13.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.15% | 37.30% | -5.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.38% | 34.76% | -5.38% |
Dividends
FMS vs. DVA - Dividend Comparison
FMS's dividend yield for the trailing twelve months is around 3.73%, while DVA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVA DaVita Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FMS Fresenius Medical Care AG & Co. KGaA | 3.73% | 3.30% | 2.80% | 2.97% | 4.34% | 2.57% | 1.72% | 1.78% | 1.95% | 0.70% | 0.74% | 0.71% |
Financials
FMS vs. DVA - Financials Comparison
This section allows you to compare key financial metrics between Fresenius Medical Care AG & Co. KGaA and DaVita Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
FMS vs. DVA - Profitability Comparison
FMS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fresenius Medical Care AG & Co. KGaA reported a gross profit of 1.18B and revenue of 4.61B. Therefore, the gross margin over that period was 25.6%.
DVA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, DaVita Inc. reported a gross profit of 0.00 and revenue of 3.42B. Therefore, the gross margin over that period was 0.0%.
FMS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fresenius Medical Care AG & Co. KGaA reported an operating income of 375.56M and revenue of 4.61B, resulting in an operating margin of 8.1%.
DVA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, DaVita Inc. reported an operating income of 481.89M and revenue of 3.42B, resulting in an operating margin of 14.1%.
FMS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fresenius Medical Care AG & Co. KGaA reported a net income of 119.94M and revenue of 4.61B, resulting in a net margin of 2.6%.
DVA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, DaVita Inc. reported a net income of 197.53M and revenue of 3.42B, resulting in a net margin of 5.8%.
Frequently Asked Questions
FMS and DVA have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMS has higher volatility (7.84%) compared to DVA (7.45%). In terms of maximum drawdown, FMS dropped -77.59% vs DVA's -92.91%.
DVA currently has the higher Sharpe Ratio (1.24 vs -0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FMS and DVA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer