DOC vs FRT: Correlation
Healthpeak Properties (DOC) and Federal Realty Investment Trust (FRT) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOC and FRT?
Over the past 3 years, DOC and FRT moved with a correlation of 0.58, which is moderate. The link has loosened recently: the 1-year correlation (0.42) runs below the 3-year figure (0.58). Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 307.5 %².
Among the 35 assets we track against DOC, FRT ranks #14 by 3-year correlation. The trailing year gives DOC the advantage: +26.7% versus +21.6%, a 5.1-point spread. Across three years, the rolling one-year figure varied moderately, from 0.40 to 0.84.
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.
DOC vs FRT: side by side
| DOC (Healthpeak Properties) | FRT (Federal Realty Investment Trust) | |
|---|---|---|
| 1-year return | +26.7% | +21.6% |
| 5-year return | -21.6% | +18.8% |
| Volatility (ann.) | 27.1% | 19.5% |
| Beta vs S&P 500 | 0.53 | 0.53 |
| Max drawdown (3Y) | -26.0% | -27.4% |
| Market cap | $15.0B | $10.2B |
| P/E (trailing) | 62.4 | 23.6 |
| Dividend yield | 5.65% | 3.84% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | DOC | FRT |
|---|---|---|
| 2022 | -27.5% | -22.7% |
| 2023 | -16.4% | +6.6% |
| 2024 | +8.8% | +12.1% |
| 2025 | -15.2% | -5.9% |
| 2026 | +37.9% | +19.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOC and FRT good diversifiers for each other?
Only partially. A correlation of 0.58 means DOC and FRT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DOC and FRT?
As of 2026-08-27, the correlation of weekly returns between DOC and FRT is 0.58 over 3 years, 0.42 over 1 year and 0.63 over 5 years.
Is FRT a good diversifier for DOC?
Only partially. A correlation of 0.58 means DOC and FRT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/doc-vs-frt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/doc-vs-frt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DOC correlations · FRT correlations
