ARE vs WY: Correlation
Measured on weekly returns over the past three years, Alexandria Real Estate Equities (ARE) and Weyerhaeuser (WY) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARE and WY?
Across a 3-year window, the weekly returns of ARE and WY correlate at 0.58, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.58 over 3. Stretching to 5 years gives 0.57, with an annualized covariance of 551.0 %².
By 3-year correlation, WY places #17 of the 34 assets tracked against ARE. Their recent paths diverged sharply: over the last 12 months WY outperformed by 26.0 percentage points (-32.1% for ARE against -6.1% for WY). The rolling one-year correlation stayed in a tight band between 0.51 and 0.74 over the past three years, which points to a structural rather than episodic relationship. Risk is not evenly split, since ARE carries 1.5 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.
ARE vs WY: side by side
| ARE (Alexandria Real Estate Equities) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | -32.1% | -6.1% |
| 5-year return | -68.3% | -19.5% |
| Volatility (ann.) | 38.3% | 24.8% |
| Beta vs S&P 500 | 0.91 | 0.64 |
| Max drawdown (3Y) | -65.6% | -38.0% |
| Market cap | $9.0B | $17.1B |
| P/E (trailing) | – | 36.5 |
| Dividend yield | 6.57% | 3.49% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | ARE | WY |
|---|---|---|
| 2022 | -32.6% | -20.4% |
| 2023 | -9.1% | +18.0% |
| 2024 | -19.4% | -16.6% |
| 2025 | -46.6% | -13.0% |
| 2026 | +9.9% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARE and WY good diversifiers for each other?
Only partially. A correlation of 0.58 means ARE and WY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ARE and WY?
The ARE/WY correlation stands at 0.58 on a 3-year window (1 year: 0.49, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is WY a good diversifier for ARE?
Only partially. A correlation of 0.58 means ARE and WY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 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/are-vs-wy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/are-vs-wy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARE correlations · WY correlations
