BHM vs WMT: Correlation
How closely do Bluerock Homes Trust, Inc. (BHM) and Walmart (WMT) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHM and WMT?
Across a 3-year window, the weekly returns of BHM and WMT correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. Stretching to 5 years gives -0.10, with an annualized covariance of -204.5 %².
WMT is close to the least connected end of BHM's tracked universe, ranking #15 of 18. Correlation aside, the last 12 months split them widely, with WMT ahead by 42.2 points (-34.5% versus +7.7%). One caveat on sizing: BHM is 1.8 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.
BHM vs WMT: side by side
| BHM (Bluerock Homes Trust, Inc.) | WMT (Walmart) | |
|---|---|---|
| 1-year return | -34.5% | +7.7% |
| 5-year return | n/a | +121.9% |
| Volatility (ann.) | 41.3% | 23.0% |
| Beta vs S&P 500 | 0.13 | 0.53 |
| Max drawdown (3Y) | -54.9% | -23.3% |
| Market cap | $0.1B | $816.7B |
| P/E (trailing) | – | 37.1 |
| Dividend yield | 5.85% | 0.92% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | BHM | WMT |
|---|---|---|
| 2022 | – | -0.5% |
| 2023 | -29.7% | +12.9% |
| 2024 | -5.1% | +74.0% |
| 2025 | -15.9% | +24.5% |
| 2026 | -19.4% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHM and WMT good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BHM and WMT?
As of 2026-08-27, the correlation of weekly returns between BHM and WMT is -0.22 over 3 years, -0.28 over 1 year and -0.10 over 5 years.
Is WMT a good diversifier for BHM?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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.
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Related comparisons
Hubs: BHM correlations · WMT correlations
