BLNE vs WHLR: Correlation
Measured on weekly returns over the past three years, Beeline Holdings, Inc. (BLNE) and Wheeler Real Estate Investment Trust, Inc. (WHLR) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLNE and WHLR?
Across a 3-year window, the weekly returns of BLNE and WHLR correlate at 0.31, moderate. The past 12 months show a weaker link (0.03) than the 3-year average (0.31). Stretching to 5 years gives 0.28, with an annualized covariance of 22923.5 %².
Within BLNE's tracked universe of 19 assets, WHLR comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BLNE ahead by 63.8 points (-36.2% versus -100.0%). Risk is not evenly split, since WHLR carries 4.0 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.
BLNE vs WHLR: side by side
| BLNE (Beeline Holdings, Inc.) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | -36.2% | -100.0% |
| 5-year return | -99.8% | -100.0% |
| Volatility (ann.) | 136.3% | 545.0% |
| Beta vs S&P 500 | 0.59 | -5.84 |
| Max drawdown (3Y) | -96.7% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLNE | WHLR |
|---|---|---|
| 2022 | -87.2% | -28.0% |
| 2023 | -71.8% | -98.4% |
| 2024 | -25.3% | -98.4% |
| 2025 | -82.1% | -100.0% |
| 2026 | -42.8% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLNE and WHLR good diversifiers for each other?
Reasonably. At 0.31, BLNE and WHLR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BLNE and WHLR?
As of 2026-08-27, the correlation of weekly returns between BLNE and WHLR is 0.31 over 3 years, 0.03 over 1 year and 0.28 over 5 years.
Is WHLR a good diversifier for BLNE?
Reasonably. At 0.31, BLNE and WHLR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 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
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Related comparisons
Hubs: BLNE correlations · WHLR correlations
