DHC vs EPR: Correlation
Measured on weekly returns over the past three years, Diversified Healthcare Trust (DHC) and EPR Properties (EPR) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHC and EPR?
Across a 3-year window, the weekly returns of DHC and EPR correlate at 0.49, moderate. The link has tightened recently: the 1-year correlation (0.63) runs above the 3-year figure (0.49). Stretching to 5 years gives 0.39, with an annualized covariance of 675.3 %².
In DHC's tracked universe of 11 assets, EPR sits right near the top at #1. Correlation aside, the last 12 months split them widely, with DHC ahead by 92.0 points (+107.9% versus +15.9%). One caveat on sizing: DHC is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DHC vs EPR: side by side
| DHC (Diversified Healthcare Trust) | EPR (EPR Properties) | |
|---|---|---|
| 1-year return | +107.9% | +15.9% |
| 5-year return | +129.1% | +67.8% |
| Volatility (ann.) | 57.3% | 24.0% |
| Beta vs S&P 500 | 0.54 | 0.62 |
| Max drawdown (3Y) | -51.2% | -19.5% |
| Market cap | $1.9B | $4.6B |
| P/E (trailing) | – | 19.2 |
| Dividend yield | 0.50% | 6.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DHC | EPR |
|---|---|---|
| 2022 | -78.5% | -14.6% |
| 2023 | +494.7% | +38.8% |
| 2024 | -37.6% | -1.3% |
| 2025 | +113.9% | +20.5% |
| 2026 | +62.5% | +24.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHC and EPR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DHC and EPR?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.63 over the last year and 0.39 over 5 years.
Is EPR a good diversifier for DHC?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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: DHC correlations · EPR correlations
