AOS vs WHLR: Correlation
Measured on weekly returns over the past three years, A. O. Smith (AOS) and Wheeler Real Estate Investment Trust, Inc. (WHLR) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOS and WHLR?
Over the past 3 years, AOS and WHLR moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.02) than the 3-year average (-0.21). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -2649.4 %².
WHLR is close to the least connected end of AOS's tracked universe, ranking #30 of 33. The last year tells two different stories: AOS led by 87.4 percentage points, -12.6% for AOS against -100.0% for WHLR. Note the risk asymmetry: WHLR runs 23.2 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.
AOS vs WHLR: side by side
| AOS (A. O. Smith) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | -12.6% | -100.0% |
| 5-year return | -6.7% | -100.0% |
| Volatility (ann.) | 23.5% | 545.0% |
| Beta vs S&P 500 | 0.67 | -5.84 |
| Max drawdown (3Y) | -36.9% | -100.0% |
| Market cap | $8.4B | – |
| P/E (trailing) | 17.4 | 0.0 |
| Dividend yield | 2.27% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | AOS | WHLR |
|---|---|---|
| 2022 | -32.1% | -28.0% |
| 2023 | +46.7% | -98.4% |
| 2024 | -15.9% | -98.4% |
| 2025 | +0.1% | -100.0% |
| 2026 | -5.8% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOS and WHLR good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between AOS and WHLR?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with 0.02 over the last year and -0.11 over 5 years.
Is WHLR a good diversifier for AOS?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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: AOS correlations · WHLR correlations
