DLR vs MDRR: Correlation
How closely do Digital Realty (DLR) and Medalist Diversified, Inc. (MDRR) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLR and MDRR?
Across a 3-year window, the weekly returns of DLR and MDRR correlate at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.18 lands near the 3-year figure. Stretching to 5 years gives 0.01, with an annualized covariance of -141.6 %².
Among the 30 assets we track against DLR, MDRR ranks #24 by 3-year correlation. The trailing year gives DLR the advantage: +16.4% versus +4.8%, a 11.6-point spread.
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.
DLR vs MDRR: side by side
| DLR (Digital Realty) | MDRR (Medalist Diversified, Inc.) | |
|---|---|---|
| 1-year return | +16.4% | +4.8% |
| 5-year return | +40.3% | -31.3% |
| Volatility (ann.) | 27.1% | 28.1% |
| Beta vs S&P 500 | 0.73 | -0.02 |
| Max drawdown (3Y) | -29.4% | -29.5% |
| Market cap | $72.5B | – |
| P/E (trailing) | 94.2 | 3.1 |
| Dividend yield | 2.52% | 2.21% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | DLR | MDRR |
|---|---|---|
| 2022 | -41.0% | -37.3% |
| 2023 | +39.9% | -4.0% |
| 2024 | +35.9% | +28.6% |
| 2025 | -10.1% | -5.5% |
| 2026 | +25.8% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLR and MDRR good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between DLR and MDRR?
As of 2026-08-27, the correlation of weekly returns between DLR and MDRR is -0.19 over 3 years, -0.18 over 1 year and 0.01 over 5 years.
Is MDRR a good diversifier for DLR?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dlr-vs-mdrr.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DLR correlations · MDRR correlations
