CUZ vs DOC: Correlation
How closely do Cousins Properties Incorporated (CUZ) and Healthpeak Properties (DOC) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CUZ and DOC?
Over the past 3 years, CUZ and DOC moved with a correlation of 0.61, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.45 versus 0.61 over 3 years. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 454.1 %².
By 3-year correlation, DOC places #9 of the 19 assets tracked against CUZ. Correlation aside, the last 12 months split them widely, with DOC ahead by 19.7 points (+7.0% versus +26.7%).
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.
CUZ vs DOC: side by side
| CUZ (Cousins Properties Incorporated) | DOC (Healthpeak Properties) | |
|---|---|---|
| 1-year return | +7.0% | +26.7% |
| 5-year return | -3.8% | -21.6% |
| Volatility (ann.) | 27.6% | 27.1% |
| Beta vs S&P 500 | 0.82 | 0.53 |
| Max drawdown (3Y) | -29.4% | -26.0% |
| Market cap | $4.9B | $15.0B |
| P/E (trailing) | 737.2 | 62.4 |
| Dividend yield | 4.32% | 5.65% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | CUZ | DOC |
|---|---|---|
| 2022 | -34.7% | -27.5% |
| 2023 | +2.0% | -16.4% |
| 2024 | +32.6% | +8.8% |
| 2025 | -12.1% | -15.2% |
| 2026 | +18.7% | +37.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CUZ and DOC good diversifiers for each other?
Only partially. A correlation of 0.61 means CUZ and DOC 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 CUZ and DOC?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.45 over the last year and 0.65 over 5 years.
Is DOC a good diversifier for CUZ?
Only partially. A correlation of 0.61 means CUZ and DOC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
A reading of 0.61 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cuz-vs-doc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cuz-vs-doc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CUZ correlations · DOC correlations
