AEP vs WELL: Correlation
How closely do American Electric Power (AEP) and Welltower (WELL) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEP and WELL?
Over the past 3 years, AEP and WELL moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 233.2 %².
By 3-year correlation, WELL places #17 of the 36 assets tracked against AEP. The last year tells two different stories: WELL led by 32.8 percentage points, +12.1% for AEP against +44.9% for WELL. The rolling one-year correlation moved between 0.34 and 0.67 over the past three years, a moderate range.
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.
AEP vs WELL: side by side
| AEP (American Electric Power) | WELL (Welltower) | |
|---|---|---|
| 1-year return | +12.1% | +44.9% |
| 5-year return | +63.9% | +214.9% |
| Volatility (ann.) | 18.9% | 21.2% |
| Beta vs S&P 500 | -0.01 | 0.30 |
| Max drawdown (3Y) | -13.1% | -13.0% |
| Market cap | $66.8B | $172.6B |
| P/E (trailing) | 21.4 | 108.9 |
| Dividend yield | 3.06% | 1.27% |
| Sector / category | Utilities | Real Estate |
Year-by-year returns
| Year | AEP | WELL |
|---|---|---|
| 2022 | +10.4% | -21.2% |
| 2023 | -11.0% | +41.8% |
| 2024 | +18.2% | +43.1% |
| 2025 | +29.4% | +49.9% |
| 2026 | +8.9% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEP and WELL good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AEP and WELL?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.62 over the last year and 0.51 over 5 years.
Is WELL a good diversifier for AEP?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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/aep-vs-well.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aep-vs-well/)
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Related comparisons
Hubs: AEP correlations · WELL correlations
