DOC vs KIM: Correlation
How closely do Healthpeak Properties (DOC) and Kimco Realty (KIM) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOC and KIM?
On 3 years of weekly data the DOC/KIM correlation comes out at 0.60, strong. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 374.3 %².
By 3-year correlation, KIM places #8 of the 35 assets tracked against DOC. Correlation aside, the last 12 months split them widely, with DOC ahead by 15.3 points (+26.7% versus +11.4%). The rolling one-year correlation moved between 0.46 and 0.81 over the past three years, a moderate range.
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 KIM: side by side
| DOC (Healthpeak Properties) | KIM (Kimco Realty) | |
|---|---|---|
| 1-year return | +26.7% | +11.4% |
| 5-year return | -21.6% | +35.9% |
| Volatility (ann.) | 27.1% | 22.9% |
| Beta vs S&P 500 | 0.53 | 0.63 |
| Max drawdown (3Y) | -26.0% | -25.9% |
| Market cap | $15.0B | $16.0B |
| P/E (trailing) | 62.4 | 28.0 |
| Dividend yield | 5.65% | 4.29% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | DOC | KIM |
|---|---|---|
| 2022 | -27.5% | -10.8% |
| 2023 | -16.4% | +6.1% |
| 2024 | +8.8% | +15.0% |
| 2025 | -15.2% | -9.3% |
| 2026 | +37.9% | +20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOC and KIM good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DOC and KIM?
As of 2026-08-27, the correlation of weekly returns between DOC and KIM is 0.60 over 3 years, 0.51 over 1 year and 0.66 over 5 years.
Is KIM a good diversifier for DOC?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 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.
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Related comparisons
Hubs: DOC correlations · KIM correlations
