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ENSG vs GTY: Correlation

The Ensign Group, Inc. (ENSG) and Getty Realty Corporation (GTY) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.46
moderate
Correlation (1Y)
0.41
last 12 months
Correlation (5Y)
0.47
long-run
Ann. covariance
204.8
%² · weekly, annualized

How correlated are ENSG and GTY?

Over the past 3 years, ENSG and GTY moved with a correlation of 0.46, which is moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 204.8 %².

Few assets follow ENSG as closely as GTY, which ranks #2 of 12 tracked partners. Correlation aside, the last 12 months split them widely, with GTY ahead by 22.3 points (+0.9% versus +23.2%).

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.

ENSG vs GTY: side by side

ENSG (The Ensign Group, Inc.)GTY (Getty Realty Corporation)
1-year return+0.9%+23.2%
5-year return+115.6%+40.7%
Volatility (ann.)23.8%18.8%
Beta vs S&P 5000.220.13
Max drawdown (3Y)-31.8%-17.9%
Market cap$10.1B$2.0B
P/E (trailing)28.420.2
Dividend yield0.14%5.79%
Sector / categoryUS ListedUS Listed
Lower P/E: GTY 20.2 vs 28.4Higher yield: GTY 5.79% vs 0.14%Smaller drawdown: GTY -17.9% vs -31.8%Higher 5y return: ENSG +115.6% vs +40.7%
-14%0%+34%2025-09-052026-08-27
Both assets over the last year, indexed to 100 at the starting week. ENSG · GTY

Year-by-year returns

YearENSGGTY
2022+13.0%+11.7%
2023+18.9%-8.8%
2024+18.6%+9.9%
2025+31.3%-2.9%
2026-0.3%+24.0%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are ENSG and GTY good diversifiers for each other?

Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.

FAQ

What is the correlation between ENSG and GTY?

Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.41 over the last year and 0.47 over 5 years.

Is GTY a good diversifier for ENSG?

Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.

What does a correlation of 0.46 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.

Use this data

JSON API · no key required
$ curl https://www.pairbook.io/api/v1/pairs/ensg-vs-gty.json

ENSG vs GTY: 3-year weekly correlation 0.46ENSG vs GTY0.46

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Related comparisons

Hubs: ENSG correlations · GTY correlations