AHR vs WELL: Correlation
American Healthcare REIT, Inc. (AHR) and Welltower (WELL) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHR and WELL?
On 3 years of weekly data the AHR/WELL correlation comes out at 0.55, moderate. The link has tightened recently: the 1-year correlation (0.75) runs above the 3-year figure (0.55). The 5-year figure is n/a, and annualized covariance runs at 314.8 %².
Few assets follow AHR as closely as WELL, which ranks #1 of 11 tracked partners. The trailing year gives WELL the advantage: +35.0% versus +44.9%, a 9.9-point spread.
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 WELL: side by side
| AHR (American Healthcare REIT, Inc.) | WELL (Welltower) | |
|---|---|---|
| 1-year return | +35.0% | +44.9% |
| 5-year return | n/a | +214.9% |
| Volatility (ann.) | 26.9% | 21.2% |
| Beta vs S&P 500 | 0.50 | 0.30 |
| Max drawdown (3Y) | -13.6% | -13.0% |
| Market cap | $12.3B | $172.6B |
| P/E (trailing) | 84.3 | 108.9 |
| Dividend yield | 1.75% | 1.27% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | AHR | WELL |
|---|---|---|
| 2022 | – | -21.2% |
| 2023 | – | +41.8% |
| 2024 | – | +43.1% |
| 2025 | +70.0% | +49.9% |
| 2026 | +21.2% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHR and WELL good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AHR and WELL?
As of 2026-08-27, the correlation of weekly returns between AHR and WELL is 0.55 over 3 years, 0.75 over 1 year and n/a over 5 years.
Is WELL a good diversifier for AHR?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/ahr-vs-well.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: AHR correlations · WELL correlations
