AHR vs CTRE: Correlation
Measured on weekly returns over the past three years, American Healthcare REIT, Inc. (AHR) and CareTrust REIT, Inc. (CTRE) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHR and CTRE?
Across a 3-year window, the weekly returns of AHR and CTRE correlate at 0.53, moderate. The past 12 months show a tighter link (0.75) than the 3-year average (0.53). Stretching to 5 years gives n/a, with an annualized covariance of 298.2 %².
CTRE is one of the assets that tracks AHR most closely: it ranks #3 out of the 11 assets we track against AHR. The last year tells two different stories: AHR led by 16.7 percentage points, +35.0% for AHR against +18.3% for CTRE.
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.
AHR vs CTRE: side by side
| AHR (American Healthcare REIT, Inc.) | CTRE (CareTrust REIT, Inc.) | |
|---|---|---|
| 1-year return | +35.0% | +18.3% |
| 5-year return | n/a | +130.3% |
| Volatility (ann.) | 26.9% | 21.1% |
| Beta vs S&P 500 | 0.50 | 0.18 |
| Max drawdown (3Y) | -13.6% | -23.2% |
| Market cap | $12.3B | $9.3B |
| P/E (trailing) | 84.3 | 24.9 |
| Dividend yield | 1.75% | 3.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHR | CTRE |
|---|---|---|
| 2022 | – | -13.7% |
| 2023 | – | +27.3% |
| 2024 | – | +26.3% |
| 2025 | +70.0% | +39.4% |
| 2026 | +21.2% | +11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHR and CTRE good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AHR and CTRE?
The AHR/CTRE correlation stands at 0.53 on a 3-year window (1 year: 0.75, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CTRE a good diversifier for AHR?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ahr-vs-ctre.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ahr-vs-ctre/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AHR correlations · CTRE correlations
