AREN vs DOC: Correlation
How closely do The Arena Group Holdings, Inc. (AREN) and Healthpeak Properties (DOC) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AREN and DOC?
On 3 years of weekly data the AREN/DOC correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.04) than the 3-year average (-0.16). The 5-year figure is -0.09, and annualized covariance runs at -704.0 %².
Within AREN's tracked universe of 22 assets, DOC comes in at #13 by 3-year correlation. The last year tells two different stories: DOC led by 111.5 percentage points, -84.8% for AREN against +26.7% for DOC. Risk is not evenly split, since AREN carries 5.8 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.
AREN vs DOC: side by side
| AREN (The Arena Group Holdings, Inc.) | DOC (Healthpeak Properties) | |
|---|---|---|
| 1-year return | -84.8% | +26.7% |
| 5-year return | -93.0% | -21.6% |
| Volatility (ann.) | 157.6% | 27.1% |
| Beta vs S&P 500 | 0.49 | 0.53 |
| Max drawdown (3Y) | -91.7% | -26.0% |
| Market cap | – | $15.0B |
| P/E (trailing) | 4.9 | 62.4 |
| Dividend yield | 0.00% | 5.65% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | AREN | DOC |
|---|---|---|
| 2022 | -24.6% | -27.5% |
| 2023 | -77.6% | -16.4% |
| 2024 | -43.7% | +8.8% |
| 2025 | +198.5% | -15.2% |
| 2026 | -76.5% | +37.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AREN and DOC good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between AREN and DOC?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.04 over the last year and -0.09 over 5 years.
Is DOC a good diversifier for AREN?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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/aren-vs-doc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aren-vs-doc/)
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Related comparisons
Hubs: AREN correlations · DOC correlations
