APH vs WHLR: Correlation
Measured on weekly returns over the past three years, Amphenol (APH) and Wheeler Real Estate Investment Trust, Inc. (WHLR) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APH and WHLR?
On 3 years of weekly data the APH/WHLR correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.11) than the 3-year average (-0.18). The 5-year figure is -0.14, and annualized covariance runs at -3268.4 %².
Among the 38 assets we track against APH, WHLR sits near the bottom by co-movement, at rank #35. The last year tells two different stories: APH led by 147.5 percentage points, +47.5% for APH against -100.0% for WHLR. Note the risk asymmetry: WHLR runs 16.2 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.
APH vs WHLR: side by side
| APH (Amphenol) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | +47.5% | -100.0% |
| 5-year return | +338.9% | -100.0% |
| Volatility (ann.) | 33.6% | 545.0% |
| Beta vs S&P 500 | 1.57 | -5.84 |
| Max drawdown (3Y) | -28.2% | -100.0% |
| Market cap | $199.0B | – |
| P/E (trailing) | 40.3 | 0.0 |
| Dividend yield | 0.57% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | APH | WHLR |
|---|---|---|
| 2022 | -12.0% | -28.0% |
| 2023 | +31.5% | -98.4% |
| 2024 | +41.3% | -98.4% |
| 2025 | +96.1% | -100.0% |
| 2026 | +19.8% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APH and WHLR good diversifiers for each other?
Yes. With a correlation of -0.18, APH and WHLR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between APH and WHLR?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with 0.11 over the last year and -0.14 over 5 years.
Is WHLR a good diversifier for APH?
Yes. With a correlation of -0.18, APH and WHLR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: APH correlations · WHLR correlations
