DHC vs EXOD: Correlation
How closely do Diversified Healthcare Trust (DHC) and Exodus Movement, Inc. (EXOD) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHC and EXOD?
Over the past 3 years, DHC and EXOD moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.05) than the 3-year average (-0.23). Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -2635.0 %².
Out of 11 assets tracked against DHC, EXOD lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with DHC ahead by 173.8 points (+107.9% versus -65.9%). Note the risk asymmetry: EXOD runs 3.4 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.
DHC vs EXOD: side by side
| DHC (Diversified Healthcare Trust) | EXOD (Exodus Movement, Inc.) | |
|---|---|---|
| 1-year return | +107.9% | -65.9% |
| 5-year return | +129.1% | -64.9% |
| Volatility (ann.) | 57.3% | 196.6% |
| Beta vs S&P 500 | 0.54 | 0.78 |
| Max drawdown (3Y) | -51.2% | -94.8% |
| Market cap | $1.9B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DHC | EXOD |
|---|---|---|
| 2022 | -78.5% | -89.5% |
| 2023 | +494.7% | +12.2% |
| 2024 | -37.6% | +1233.9% |
| 2025 | +113.9% | -51.8% |
| 2026 | +62.5% | -37.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHC and EXOD good diversifiers for each other?
Yes. With a correlation of -0.23, DHC and EXOD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DHC and EXOD?
The DHC/EXOD correlation stands at -0.23 on a 3-year window (1 year: 0.05, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is EXOD a good diversifier for DHC?
Yes. With a correlation of -0.23, DHC and EXOD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/dhc-vs-exod.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dhc-vs-exod/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DHC correlations · EXOD correlations
