AMN vs DOC: Correlation
AMN Healthcare Services Inc (AMN) and Healthpeak Properties (DOC) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMN and DOC?
Across a 3-year window, the weekly returns of AMN and DOC correlate at 0.47, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.63 versus 0.47 over 3 years. Stretching to 5 years gives 0.37, with an annualized covariance of 725.6 %².
In AMN's tracked universe of 10 assets, DOC sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months AMN outperformed by 47.7 percentage points (+74.4% for AMN against +26.7% for DOC). One caveat on sizing: AMN is 2.1 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.
AMN vs DOC: side by side
| AMN (AMN Healthcare Services Inc) | DOC (Healthpeak Properties) | |
|---|---|---|
| 1-year return | +74.4% | +26.7% |
| 5-year return | -68.4% | -21.6% |
| Volatility (ann.) | 57.2% | 27.1% |
| Beta vs S&P 500 | 0.53 | 0.53 |
| Max drawdown (3Y) | -83.2% | -26.0% |
| Market cap | $1.4B | $15.0B |
| P/E (trailing) | 12.7 | 62.4 |
| Dividend yield | 0.00% | 5.65% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | AMN | DOC |
|---|---|---|
| 2022 | -15.9% | -27.5% |
| 2023 | -27.2% | -16.4% |
| 2024 | -68.1% | +8.8% |
| 2025 | -34.1% | -15.2% |
| 2026 | +122.6% | +37.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMN and DOC good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMN and DOC?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.63 over the last year and 0.37 over 5 years.
Is DOC a good diversifier for AMN?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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
$ curl https://www.pairbook.io/api/v1/pairs/amn-vs-doc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amn-vs-doc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMN correlations · DOC correlations
