AIRJ vs WELL: Correlation
Measured on weekly returns over the past three years, AirJoule Technologies Corporation (AIRJ) and Welltower (WELL) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRJ and WELL?
Across a 3-year window, the weekly returns of AIRJ and WELL correlate at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Stretching to 5 years gives -0.14, with an annualized covariance of -285.1 %².
Among the 13 assets we track against AIRJ, WELL ranks #8 by 3-year correlation. The last year tells two different stories: WELL led by 46.5 percentage points, -1.6% for AIRJ against +44.9% for WELL. Note the risk asymmetry: AIRJ runs 3.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AIRJ vs WELL: side by side
| AIRJ (AirJoule Technologies Corporation) | WELL (Welltower) | |
|---|---|---|
| 1-year return | -1.6% | +44.9% |
| 5-year return | -51.6% | +214.9% |
| Volatility (ann.) | 67.0% | 21.2% |
| Beta vs S&P 500 | 0.94 | 0.30 |
| Max drawdown (3Y) | -91.4% | -13.0% |
| Market cap | $0.4B | $172.6B |
| P/E (trailing) | – | 108.9 |
| Dividend yield | 0.00% | 1.27% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | AIRJ | WELL |
|---|---|---|
| 2022 | – | -21.2% |
| 2023 | +6.7% | +41.8% |
| 2024 | -25.8% | +43.1% |
| 2025 | -50.5% | +49.9% |
| 2026 | +21.6% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRJ and WELL good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AIRJ and WELL?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.23 over the last year and -0.14 over 5 years.
Is WELL a good diversifier for AIRJ?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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: AIRJ correlations · WELL correlations
