ETR vs WELL: Correlation
Entergy (ETR) and Welltower (WELL) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETR and WELL?
Across a 3-year window, the weekly returns of ETR and WELL correlate at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 235.1 %².
By 3-year correlation, WELL places #20 of the 38 assets tracked against ETR. Correlation aside, the last 12 months split them widely, with WELL ahead by 23.0 points (+21.9% versus +44.9%). Across three years, the rolling one-year figure varied moderately, from 0.34 to 0.68.
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.
ETR vs WELL: side by side
| ETR (Entergy) | WELL (Welltower) | |
|---|---|---|
| 1-year return | +21.9% | +44.9% |
| 5-year return | +132.0% | +214.9% |
| Volatility (ann.) | 19.7% | 21.2% |
| Beta vs S&P 500 | 0.22 | 0.30 |
| Max drawdown (3Y) | -10.6% | -13.0% |
| Market cap | $49.7B | $172.6B |
| P/E (trailing) | 27.2 | 108.9 |
| Dividend yield | 2.35% | 1.27% |
| Sector / category | Utilities | Real Estate |
Year-by-year returns
| Year | ETR | WELL |
|---|---|---|
| 2022 | +3.6% | -21.2% |
| 2023 | -6.1% | +41.8% |
| 2024 | +56.0% | +43.1% |
| 2025 | +25.3% | +49.9% |
| 2026 | +17.3% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETR and WELL good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ETR and WELL?
As of 2026-08-27, the correlation of weekly returns between ETR and WELL is 0.56 over 3 years, 0.59 over 1 year and 0.50 over 5 years.
Is WELL a good diversifier for ETR?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/etr-vs-well.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/etr-vs-well/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ETR correlations · WELL correlations
