DOC vs NBIX: Correlation
Healthpeak Properties (DOC) and Neurocrine Biosciences, Inc. (NBIX) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOC and NBIX?
Across a 3-year window, the weekly returns of DOC and NBIX correlate at 0.40, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.40 over 3. Stretching to 5 years gives 0.36, with an annualized covariance of 344.8 %².
Within DOC's tracked universe of 35 assets, NBIX comes in at #22 by 3-year correlation. On 12-month performance DOC holds a 13.8-point edge, +26.7% against +12.9%.
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 NBIX: side by side
| DOC (Healthpeak Properties) | NBIX (Neurocrine Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +26.7% | +12.9% |
| 5-year return | -21.6% | +62.5% |
| Volatility (ann.) | 27.1% | 31.8% |
| Beta vs S&P 500 | 0.53 | 0.60 |
| Max drawdown (3Y) | -26.0% | -42.9% |
| Market cap | $15.0B | $15.8B |
| P/E (trailing) | 62.4 | 22.9 |
| Dividend yield | 5.65% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | DOC | NBIX |
|---|---|---|
| 2022 | -27.5% | +40.2% |
| 2023 | -16.4% | +10.3% |
| 2024 | +8.8% | +3.6% |
| 2025 | -15.2% | +3.9% |
| 2026 | +37.9% | +9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOC and NBIX good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DOC and NBIX?
As of 2026-08-27, the correlation of weekly returns between DOC and NBIX is 0.40 over 3 years, 0.47 over 1 year and 0.36 over 5 years.
Is NBIX a good diversifier for DOC?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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.
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Related comparisons
Hubs: DOC correlations · NBIX correlations
