DOC vs NTST: Correlation
Measured on weekly returns over the past three years, Healthpeak Properties (DOC) and NetSTREIT Corp. (NTST) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOC and NTST?
Over the past 3 years, DOC and NTST moved with a correlation of 0.58, which is moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.58 over 3. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 372.0 %².
Within DOC's tracked universe of 35 assets, NTST comes in at #16 by 3-year correlation. On 12-month performance DOC holds a 9.7-point edge, +26.7% against +17.0%.
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 NTST: side by side
| DOC (Healthpeak Properties) | NTST (NetSTREIT Corp.) | |
|---|---|---|
| 1-year return | +26.7% | +17.0% |
| 5-year return | -21.6% | -2.0% |
| Volatility (ann.) | 27.1% | 23.4% |
| Beta vs S&P 500 | 0.53 | 0.44 |
| Max drawdown (3Y) | -26.0% | -23.0% |
| Market cap | $15.0B | $2.1B |
| P/E (trailing) | 62.4 | 146.6 |
| Dividend yield | 5.65% | 4.19% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | DOC | NTST |
|---|---|---|
| 2022 | -27.5% | -16.8% |
| 2023 | -16.4% | +2.1% |
| 2024 | +8.8% | -16.7% |
| 2025 | -15.2% | +31.2% |
| 2026 | +37.9% | +18.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOC and NTST good diversifiers for each other?
Only partially. A correlation of 0.58 means DOC and NTST 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 NTST?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.51 over the last year and 0.57 over 5 years.
Is NTST a good diversifier for DOC?
Only partially. A correlation of 0.58 means DOC and NTST 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?
A reading of 0.58 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DOC correlations · NTST correlations
