AAT vs DOC: Correlation
How closely do American Assets Trust, Inc. (AAT) and Healthpeak Properties (DOC) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAT and DOC?
On 3 years of weekly data the AAT/DOC correlation comes out at 0.59, moderate. The past 12 months show a weaker link (0.35) than the 3-year average (0.59). The 5-year figure is 0.62, and annualized covariance runs at 428.8 %².
By 3-year correlation, DOC places #15 of the 24 assets tracked against AAT. On 12-month performance DOC holds a 10.5-point edge, +16.2% against +26.7%.
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.
AAT vs DOC: side by side
| AAT (American Assets Trust, Inc.) | DOC (Healthpeak Properties) | |
|---|---|---|
| 1-year return | +16.2% | +26.7% |
| 5-year return | -24.9% | -21.6% |
| Volatility (ann.) | 26.7% | 27.1% |
| Beta vs S&P 500 | 0.74 | 0.53 |
| Max drawdown (3Y) | -38.0% | -26.0% |
| Market cap | $1.7B | $15.0B |
| P/E (trailing) | 75.0 | 62.4 |
| Dividend yield | 5.98% | 5.65% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | AAT | DOC |
|---|---|---|
| 2022 | -26.4% | -27.5% |
| 2023 | -9.6% | -16.4% |
| 2024 | +23.3% | +8.8% |
| 2025 | -23.0% | -15.2% |
| 2026 | +22.7% | +37.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAT and DOC good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AAT and DOC?
The AAT/DOC correlation stands at 0.59 on a 3-year window (1 year: 0.35, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is DOC a good diversifier for AAT?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
A reading of 0.59 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/aat-vs-doc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aat-vs-doc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AAT correlations · DOC correlations
