AFJK vs WELL: Correlation
How closely do Aimei Health Technology Co., Ltd (AFJK) and Welltower (WELL) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFJK and WELL?
On 3 years of weekly data the AFJK/WELL correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -997.3 %².
Within AFJK's tracked universe of 29 assets, WELL comes in at #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WELL ahead by 36.5 points (+8.4% versus +44.9%). Risk is not evenly split, since AFJK carries 9.3 times the volatility of the other side.
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.
AFJK vs WELL: side by side
| AFJK (Aimei Health Technology Co., Ltd) | WELL (Welltower) | |
|---|---|---|
| 1-year return | +8.4% | +44.9% |
| 5-year return | n/a | +214.9% |
| Volatility (ann.) | 197.3% | 21.2% |
| Beta vs S&P 500 | 0.18 | 0.30 |
| Max drawdown (3Y) | -86.8% | -13.0% |
| Market cap | – | $172.6B |
| P/E (trailing) | 174.3 | 108.9 |
| Dividend yield | 0.00% | 1.27% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | AFJK | WELL |
|---|---|---|
| 2022 | – | -21.2% |
| 2023 | – | +41.8% |
| 2024 | – | +43.1% |
| 2025 | +498.2% | +49.9% |
| 2026 | -80.9% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFJK and WELL good diversifiers for each other?
Yes. With a correlation of -0.24, AFJK and WELL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AFJK and WELL?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.32 over the last year and n/a over 5 years.
Is WELL a good diversifier for AFJK?
Yes. With a correlation of -0.24, AFJK and WELL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AFJK correlations · WELL correlations
