DLTR vs WHLR: Correlation
Dollar Tree (DLTR) and Wheeler Real Estate Investment Trust, Inc. (WHLR) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLTR and WHLR?
Over the past 3 years, DLTR and WHLR moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.02 versus -0.30 over 3 years. Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -6064.0 %².
Out of 32 assets tracked against DLTR, WHLR lands near the bottom at #32. The last year tells two different stories: DLTR led by 112.5 percentage points, +12.5% for DLTR against -100.0% for WHLR. Risk is not evenly split, since WHLR carries 14.6 times the volatility of the other side.
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.
DLTR vs WHLR: side by side
| DLTR (Dollar Tree) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | +12.5% | -100.0% |
| 5-year return | +39.7% | -100.0% |
| Volatility (ann.) | 37.3% | 545.0% |
| Beta vs S&P 500 | 0.70 | -5.84 |
| Max drawdown (3Y) | -59.2% | -100.0% |
| Market cap | $23.8B | – |
| P/E (trailing) | 21.2 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | DLTR | WHLR |
|---|---|---|
| 2022 | +0.7% | -28.0% |
| 2023 | +0.4% | -98.4% |
| 2024 | -47.2% | -98.4% |
| 2025 | +64.1% | -100.0% |
| 2026 | +3.2% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLTR and WHLR good diversifiers for each other?
Yes. With a correlation of -0.30, DLTR and WHLR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DLTR and WHLR?
As of 2026-08-27, the correlation of weekly returns between DLTR and WHLR is -0.30 over 3 years, -0.02 over 1 year and -0.21 over 5 years.
Is WHLR a good diversifier for DLTR?
Yes. With a correlation of -0.30, DLTR and WHLR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: DLTR correlations · WHLR correlations
