DHC vs ILPT: Correlation
How closely do Diversified Healthcare Trust (DHC) and Industrial Logistics Properties Trust (ILPT) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHC and ILPT?
Across a 3-year window, the weekly returns of DHC and ILPT correlate at 0.44, moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.44 over 3. Stretching to 5 years gives 0.32, with an annualized covariance of 1474.7 %².
Few assets follow DHC as closely as ILPT, which ranks #3 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months DHC outperformed by 64.5 percentage points (+107.9% for DHC against +43.4% for ILPT).
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 ILPT: side by side
| DHC (Diversified Healthcare Trust) | ILPT (Industrial Logistics Properties Trust) | |
|---|---|---|
| 1-year return | +107.9% | +43.4% |
| 5-year return | +129.1% | -65.6% |
| Volatility (ann.) | 57.3% | 59.0% |
| Beta vs S&P 500 | 0.54 | 1.10 |
| Max drawdown (3Y) | -51.2% | -51.1% |
| Market cap | $1.9B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.50% | 2.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DHC | ILPT |
|---|---|---|
| 2022 | -78.5% | -86.5% |
| 2023 | +494.7% | +45.8% |
| 2024 | -37.6% | -21.6% |
| 2025 | +113.9% | +55.5% |
| 2026 | +62.5% | +54.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHC and ILPT good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DHC and ILPT?
As of 2026-08-27, the correlation of weekly returns between DHC and ILPT is 0.44 over 3 years, 0.37 over 1 year and 0.32 over 5 years.
Is ILPT a good diversifier for DHC?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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-ilpt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dhc-vs-ilpt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DHC correlations · ILPT correlations
