DOC vs SOLV: Correlation
Healthpeak Properties (DOC) and Solventum (SOLV) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOC and SOLV?
Over the past 3 years, DOC and SOLV moved with a correlation of 0.49, which is moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 386.4 %².
Among the 35 assets we track against DOC, SOLV ranks #19 by 3-year correlation. Neither side won the trailing year by much: +26.7% against +24.7%. The rolling one-year correlation moved between 0.34 and 0.68 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 SOLV: side by side
| DOC (Healthpeak Properties) | SOLV (Solventum) | |
|---|---|---|
| 1-year return | +26.7% | +24.7% |
| 5-year return | -21.6% | n/a |
| Volatility (ann.) | 27.1% | 30.4% |
| Beta vs S&P 500 | 0.53 | 0.62 |
| Max drawdown (3Y) | -26.0% | -40.0% |
| Market cap | $15.0B | $15.5B |
| P/E (trailing) | 62.4 | 11.2 |
| Dividend yield | 5.65% | 0.00% |
| Sector / category | Real Estate | Health Care |
Year-by-year returns
| Year | DOC | SOLV |
|---|---|---|
| 2022 | -27.5% | – |
| 2023 | -16.4% | – |
| 2024 | +8.8% | – |
| 2025 | -15.2% | +20.0% |
| 2026 | +37.9% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOC and SOLV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DOC and SOLV?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.44 over the last year and n/a over 5 years.
Is SOLV a good diversifier for DOC?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/doc-vs-solv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/doc-vs-solv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOC correlations · SOLV correlations
