CTRE vs SLNG: Correlation
CareTrust REIT, Inc. (CTRE) and Stabilis Solutions, Inc. (SLNG) 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 CTRE and SLNG?
Across a 3-year window, the weekly returns of CTRE and SLNG correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.26 over 3 years. Stretching to 5 years gives -0.22, with an annualized covariance of -376.8 %².
SLNG is close to the least connected end of CTRE's tracked universe, ranking #9 of 11. Correlation aside, the last 12 months split them widely, with SLNG ahead by 25.2 points (+18.3% versus +43.5%). Note the risk asymmetry: SLNG runs 3.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SLNG: side by side
| CTRE (CareTrust REIT, Inc.) | SLNG (Stabilis Solutions, Inc.) | |
|---|---|---|
| 1-year return | +18.3% | +43.5% |
| 5-year return | +130.3% | -16.1% |
| Volatility (ann.) | 21.1% | 69.9% |
| Beta vs S&P 500 | 0.18 | 0.39 |
| Max drawdown (3Y) | -23.2% | -58.7% |
| Market cap | $9.3B | $0.1B |
| P/E (trailing) | 24.9 | – |
| Dividend yield | 3.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTRE | SLNG |
|---|---|---|
| 2022 | -13.7% | +25.8% |
| 2023 | +27.3% | -22.0% |
| 2024 | +26.3% | +28.9% |
| 2025 | +39.4% | -15.0% |
| 2026 | +11.1% | +28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTRE and SLNG good diversifiers for each other?
Yes. With a correlation of -0.26, CTRE and SLNG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CTRE and SLNG?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.40 over the last year and -0.22 over 5 years.
Is SLNG a good diversifier for CTRE?
Yes. With a correlation of -0.26, CTRE and SLNG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CTRE correlations · SLNG correlations
