DOC vs MDRR: Correlation
Measured on weekly returns over the past three years, Healthpeak Properties (DOC) and Medalist Diversified, Inc. (MDRR) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOC and MDRR?
On 3 years of weekly data the DOC/MDRR correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.09) sits close to the 3-year figure. The 5-year figure is -0.02, and annualized covariance runs at -114.9 %².
By 3-year correlation, MDRR places #27 of the 35 assets tracked against DOC. Their recent paths diverged sharply: over the last 12 months DOC outperformed by 21.9 percentage points (+26.7% for DOC against +4.8% for MDRR).
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 MDRR: side by side
| DOC (Healthpeak Properties) | MDRR (Medalist Diversified, Inc.) | |
|---|---|---|
| 1-year return | +26.7% | +4.8% |
| 5-year return | -21.6% | -31.3% |
| Volatility (ann.) | 27.1% | 28.1% |
| Beta vs S&P 500 | 0.53 | -0.02 |
| Max drawdown (3Y) | -26.0% | -29.5% |
| Market cap | $15.0B | – |
| P/E (trailing) | 62.4 | 3.1 |
| Dividend yield | 5.65% | 2.21% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | DOC | MDRR |
|---|---|---|
| 2022 | -27.5% | -37.3% |
| 2023 | -16.4% | -4.0% |
| 2024 | +8.8% | +28.6% |
| 2025 | -15.2% | -5.5% |
| 2026 | +37.9% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOC and MDRR good diversifiers for each other?
Yes. With a correlation of -0.15, DOC and MDRR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DOC and MDRR?
Using weekly returns as of 2026-08-27: -0.15 over 3 years, with -0.09 over the last year and -0.02 over 5 years.
Is MDRR a good diversifier for DOC?
Yes. With a correlation of -0.15, DOC and MDRR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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-mdrr.json
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[](https://www.pairbook.io/pair/doc-vs-mdrr/)
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Related comparisons
Hubs: DOC correlations · MDRR correlations
