AMWL vs WY: Correlation
How closely do American Well Corporation (AMWL) and Weyerhaeuser (WY) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMWL and WY?
On 3 years of weekly data the AMWL/WY correlation comes out at 0.50, moderate. The past 12 months show a weaker link (0.33) than the 3-year average (0.50). The 5-year figure is 0.39, and annualized covariance runs at 985.1 %².
Among the 10 assets we track against AMWL, WY ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AMWL ahead by 75.2 points (+69.1% versus -6.1%). Risk is not evenly split, since AMWL carries 3.2 times the volatility of the other side.
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.
AMWL vs WY: side by side
| AMWL (American Well Corporation) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | +69.1% | -6.1% |
| 5-year return | -94.4% | -19.5% |
| Volatility (ann.) | 78.9% | 24.8% |
| Beta vs S&P 500 | 2.13 | 0.64 |
| Max drawdown (3Y) | -88.0% | -38.0% |
| Market cap | $0.2B | $17.1B |
| P/E (trailing) | – | 36.5 |
| Dividend yield | 0.00% | 3.49% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | AMWL | WY |
|---|---|---|
| 2022 | -53.1% | -20.4% |
| 2023 | -47.3% | +18.0% |
| 2024 | -75.7% | -16.6% |
| 2025 | -32.3% | -13.0% |
| 2026 | +139.3% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMWL and WY good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMWL and WY?
As of 2026-08-27, the correlation of weekly returns between AMWL and WY is 0.50 over 3 years, 0.33 over 1 year and 0.39 over 5 years.
Is WY a good diversifier for AMWL?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 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: AMWL correlations · WY correlations
