AMH vs UDR: Correlation
American Homes 4 Rent (AMH) and UDR, Inc. (UDR) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMH and UDR?
Across a 3-year window, the weekly returns of AMH and UDR correlate at 0.73, strong. The relationship has been stable: the 1-year correlation (0.80) sits close to the 3-year figure. Stretching to 5 years gives 0.76, with an annualized covariance of 322.2 %².
Few assets follow AMH as closely as UDR, which ranks #2 of 12 tracked partners. Neither side won the trailing year by much: -2.1% against -0.6%.
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.
AMH vs UDR: side by side
| AMH (American Homes 4 Rent) | UDR (UDR, Inc.) | |
|---|---|---|
| 1-year return | -2.1% | -0.6% |
| 5-year return | -8.5% | -15.5% |
| Volatility (ann.) | 21.1% | 21.1% |
| Beta vs S&P 500 | 0.43 | 0.54 |
| Max drawdown (3Y) | -29.7% | -24.9% |
| Market cap | – | $13.6B |
| P/E (trailing) | 27.2 | 23.9 |
| Dividend yield | 3.69% | 4.56% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | AMH | UDR |
|---|---|---|
| 2022 | -29.5% | -33.4% |
| 2023 | +22.4% | +3.1% |
| 2024 | +7.0% | +18.3% |
| 2025 | -11.1% | -11.8% |
| 2026 | +6.4% | +4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMH and UDR good diversifiers for each other?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AMH and UDR?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.80 over the last year and 0.76 over 5 years.
Is UDR a good diversifier for AMH?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 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/amh-vs-udr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amh-vs-udr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMH correlations · UDR correlations
