ALB vs WHLR: Correlation
How closely do Albemarle Corporation (ALB) and Wheeler Real Estate Investment Trust, Inc. (WHLR) trade together? Their weekly returns over three years give a correlation of -0.14, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALB and WHLR?
On 3 years of weekly data the ALB/WHLR correlation comes out at -0.14, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.13) than the 3-year average (-0.14). The 5-year figure is -0.11, and annualized covariance runs at -4241.5 %².
By 3-year correlation, WHLR places #28 of the 36 assets tracked against ALB. The last year tells two different stories: ALB led by 156.9 percentage points, +56.9% for ALB against -100.0% for WHLR. Note the risk asymmetry: WHLR runs 10.0 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.
ALB vs WHLR: side by side
| ALB (Albemarle Corporation) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | +56.9% | -100.0% |
| 5-year return | -39.2% | -100.0% |
| Volatility (ann.) | 54.3% | 545.0% |
| Beta vs S&P 500 | 1.62 | -5.84 |
| Max drawdown (3Y) | -74.1% | -100.0% |
| Market cap | $16.0B | – |
| P/E (trailing) | 502.9 | 0.0 |
| Dividend yield | 1.20% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ALB | WHLR |
|---|---|---|
| 2022 | -6.6% | -28.0% |
| 2023 | -32.8% | -98.4% |
| 2024 | -39.5% | -98.4% |
| 2025 | +67.7% | -100.0% |
| 2026 | -3.5% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and WHLR good diversifiers for each other?
Yes. With a correlation of -0.14, ALB and WHLR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALB and WHLR?
As of 2026-08-27, the correlation of weekly returns between ALB and WHLR is -0.14 over 3 years, 0.13 over 1 year and -0.11 over 5 years.
Is WHLR a good diversifier for ALB?
Yes. With a correlation of -0.14, ALB and WHLR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.14 mean?
On the −1 to +1 scale, -0.14 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.
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Related comparisons
Hubs: ALB correlations · WHLR correlations
