DEI vs DOC: Correlation
How closely do Douglas Emmett, Inc. (DEI) and Healthpeak Properties (DOC) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEI and DOC?
Over the past 3 years, DEI and DOC moved with a correlation of 0.64, which is strong. Recent behaviour matches the longer record: 0.59 over 1 year against 0.64 over 3. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 623.6 %².
Within DEI's tracked universe of 24 assets, DOC comes in at #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DOC ahead by 47.8 points (-21.1% 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.
DEI vs DOC: side by side
| DEI (Douglas Emmett, Inc.) | DOC (Healthpeak Properties) | |
|---|---|---|
| 1-year return | -21.1% | +26.7% |
| 5-year return | -52.6% | -21.6% |
| Volatility (ann.) | 35.7% | 27.1% |
| Beta vs S&P 500 | 0.99 | 0.53 |
| Max drawdown (3Y) | -51.8% | -26.0% |
| Market cap | $2.4B | $15.0B |
| P/E (trailing) | – | 62.4 |
| Dividend yield | 6.35% | 5.65% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | DEI | DOC |
|---|---|---|
| 2022 | -50.9% | -27.5% |
| 2023 | -1.9% | -16.4% |
| 2024 | +34.6% | +8.8% |
| 2025 | -37.5% | -15.2% |
| 2026 | +12.1% | +37.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEI and DOC good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DEI and DOC?
As of 2026-08-27, the correlation of weekly returns between DEI and DOC is 0.64 over 3 years, 0.59 over 1 year and 0.63 over 5 years.
Is DOC a good diversifier for DEI?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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/dei-vs-doc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dei-vs-doc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DEI correlations · DOC correlations
