ARE vs CAPR: Correlation
Measured on weekly returns over the past three years, Alexandria Real Estate Equities (ARE) and Capricor Therapeutics, Inc. (CAPR) 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 ARE and CAPR?
Across a 3-year window, the weekly returns of ARE and CAPR correlate at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.30 versus -0.18 over 3 years. Stretching to 5 years gives -0.16, with an annualized covariance of -1912.3 %².
Among the 34 assets we track against ARE, CAPR sits near the bottom by co-movement, at rank #31. The last year tells two different stories: CAPR led by 93.1 percentage points, -32.1% for ARE against +61.0% for CAPR. Note the risk asymmetry: CAPR runs 7.1 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.
ARE vs CAPR: side by side
| ARE (Alexandria Real Estate Equities) | CAPR (Capricor Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -32.1% | +61.0% |
| 5-year return | -68.3% | +132.9% |
| Volatility (ann.) | 38.3% | 272.5% |
| Beta vs S&P 500 | 0.91 | 2.07 |
| Max drawdown (3Y) | -65.6% | -89.1% |
| Market cap | $9.0B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 6.57% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | ARE | CAPR |
|---|---|---|
| 2022 | -32.6% | +31.7% |
| 2023 | -9.1% | +26.7% |
| 2024 | -19.4% | +182.2% |
| 2025 | -46.6% | +109.1% |
| 2026 | +9.9% | -65.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARE and CAPR good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ARE and CAPR?
As of 2026-08-27, the correlation of weekly returns between ARE and CAPR is -0.18 over 3 years, -0.30 over 1 year and -0.16 over 5 years.
Is CAPR a good diversifier for ARE?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/are-vs-capr.json
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[](https://www.pairbook.io/pair/are-vs-capr/)
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Related comparisons
Hubs: ARE correlations · CAPR correlations
