BEAT vs WELL: Correlation
Heartbeam, Inc. (BEAT) and Welltower (WELL) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEAT and WELL?
Over the past 3 years, BEAT and WELL moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.26). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -847.4 %².
Among the 16 assets we track against BEAT, WELL sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months WELL outperformed by 103.7 percentage points (-58.8% for BEAT against +44.9% for WELL). One caveat on sizing: BEAT is 7.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BEAT vs WELL: side by side
| BEAT (Heartbeam, Inc.) | WELL (Welltower) | |
|---|---|---|
| 1-year return | -58.8% | +44.9% |
| 5-year return | -89.6% | +214.9% |
| Volatility (ann.) | 152.8% | 21.2% |
| Beta vs S&P 500 | 0.65 | 0.30 |
| Max drawdown (3Y) | -86.1% | -13.0% |
| Market cap | – | $172.6B |
| P/E (trailing) | – | 108.9 |
| Dividend yield | 0.00% | 1.27% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | BEAT | WELL |
|---|---|---|
| 2022 | +58.4% | -21.2% |
| 2023 | -51.8% | +41.8% |
| 2024 | -2.1% | +43.1% |
| 2025 | +4.3% | +49.9% |
| 2026 | -79.8% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEAT and WELL good diversifiers for each other?
Yes. With a correlation of -0.26, BEAT and WELL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BEAT and WELL?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.38 over the last year and -0.21 over 5 years.
Is WELL a good diversifier for BEAT?
Yes. With a correlation of -0.26, BEAT and WELL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/beat-vs-well.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/beat-vs-well/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BEAT correlations · WELL correlations
