AHR vs LWAY: Correlation
How closely do American Healthcare REIT, Inc. (AHR) and Lifeway Foods, Inc. (LWAY) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHR and LWAY?
Across a 3-year window, the weekly returns of AHR and LWAY correlate at 0.35, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.51 versus 0.35 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 701.1 %².
Within AHR's tracked universe of 11 assets, LWAY comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AHR ahead by 49.1 points (+35.0% versus -14.1%). One caveat on sizing: LWAY is 2.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 LWAY: side by side
| AHR (American Healthcare REIT, Inc.) | LWAY (Lifeway Foods, Inc.) | |
|---|---|---|
| 1-year return | +35.0% | -14.1% |
| 5-year return | n/a | +385.7% |
| Volatility (ann.) | 26.9% | 73.8% |
| Beta vs S&P 500 | 0.50 | 0.75 |
| Max drawdown (3Y) | -13.6% | -60.5% |
| Market cap | $12.3B | $0.4B |
| P/E (trailing) | 84.3 | 38.4 |
| Dividend yield | 1.75% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHR | LWAY |
|---|---|---|
| 2022 | – | +20.7% |
| 2023 | – | +141.6% |
| 2024 | – | +84.9% |
| 2025 | +70.0% | -2.3% |
| 2026 | +21.2% | +7.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHR and LWAY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AHR and LWAY?
As of 2026-08-27, the correlation of weekly returns between AHR and LWAY is 0.35 over 3 years, 0.51 over 1 year and n/a over 5 years.
Is LWAY a good diversifier for AHR?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 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
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Related comparisons
Hubs: AHR correlations · LWAY correlations
