GILD vs WPC: Correlation
How closely do Gilead Sciences (GILD) and W. P. Carey Inc. REIT (WPC) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GILD and WPC?
On 3 years of weekly data the GILD/WPC correlation comes out at 0.41, moderate. The link has loosened recently: the 1-year correlation (0.23) runs below the 3-year figure (0.41). The 5-year figure is 0.43, and annualized covariance runs at 206.8 %².
By 3-year correlation, WPC places #9 of the 30 assets tracked against GILD. Their recent paths diverged sharply: over the last 12 months GILD outperformed by 22.9 percentage points (+34.1% for GILD against +11.2% for WPC).
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.
GILD vs WPC: side by side
| GILD (Gilead Sciences) | WPC (W. P. Carey Inc. REIT) | |
|---|---|---|
| 1-year return | +34.1% | +11.2% |
| 5-year return | +148.1% | +23.0% |
| Volatility (ann.) | 24.1% | 20.9% |
| Beta vs S&P 500 | 0.33 | 0.30 |
| Max drawdown (3Y) | -26.6% | -19.6% |
| Market cap | $184.6B | $16.0B |
| P/E (trailing) | – | 24.4 |
| Dividend yield | 2.17% | 5.20% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | GILD | WPC |
|---|---|---|
| 2022 | +23.6% | +0.5% |
| 2023 | -2.0% | -9.9% |
| 2024 | +18.7% | -10.6% |
| 2025 | +36.6% | +25.0% |
| 2026 | +22.8% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GILD and WPC good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GILD and WPC?
The GILD/WPC correlation stands at 0.41 on a 3-year window (1 year: 0.23, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is WPC a good diversifier for GILD?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/gild-vs-wpc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gild-vs-wpc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GILD correlations · WPC correlations
