CTRE vs LTC: Correlation
CareTrust REIT, Inc. (CTRE) and LTC Properties, Inc. (LTC) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTRE and LTC?
Over the past 3 years, CTRE and LTC moved with a correlation of 0.54, which is moderate. The link has tightened recently: the 1-year correlation (0.76) runs above the 3-year figure (0.54). Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 201.0 %².
Within CTRE's tracked universe of 11 assets, LTC comes in at #4 by 3-year correlation. Neither side won the trailing year by much: +18.3% against +18.6%.
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.
CTRE vs LTC: side by side
| CTRE (CareTrust REIT, Inc.) | LTC (LTC Properties, Inc.) | |
|---|---|---|
| 1-year return | +18.3% | +18.6% |
| 5-year return | +130.3% | +63.7% |
| Volatility (ann.) | 21.1% | 17.7% |
| Beta vs S&P 500 | 0.18 | 0.22 |
| Max drawdown (3Y) | -23.2% | -14.5% |
| Market cap | $9.3B | $2.2B |
| P/E (trailing) | 24.9 | 14.5 |
| Dividend yield | 3.63% | 5.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTRE | LTC |
|---|---|---|
| 2022 | -13.7% | +10.5% |
| 2023 | +27.3% | -3.2% |
| 2024 | +26.3% | +14.9% |
| 2025 | +39.4% | +6.2% |
| 2026 | +11.1% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTRE and LTC good diversifiers for each other?
Only partially. A correlation of 0.54 means CTRE and LTC 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 CTRE and LTC?
As of 2026-08-27, the correlation of weekly returns between CTRE and LTC is 0.54 over 3 years, 0.76 over 1 year and 0.65 over 5 years.
Is LTC a good diversifier for CTRE?
Only partially. A correlation of 0.54 means CTRE and LTC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/ctre-vs-ltc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctre-vs-ltc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTRE correlations · LTC correlations
