HR vs VTR: Correlation
How closely do Healthcare Realty Trust Incorporated (HR) and Ventas (VTR) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HR and VTR?
On 3 years of weekly data the HR/VTR correlation comes out at 0.56, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.42 versus 0.56 over 3 years. The 5-year figure is 0.51, and annualized covariance runs at 261.0 %².
Within HR's tracked universe of 11 assets, VTR comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VTR outperformed by 23.8 percentage points (+16.6% for HR against +40.4% for VTR).
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.
HR vs VTR: side by side
| HR (Healthcare Realty Trust Incorporated) | VTR (Ventas) | |
|---|---|---|
| 1-year return | +16.6% | +40.4% |
| 5-year return | +12.6% | +98.1% |
| Volatility (ann.) | 21.8% | 21.5% |
| Beta vs S&P 500 | 0.37 | 0.25 |
| Max drawdown (3Y) | -24.4% | -16.7% |
| Market cap | $6.6B | $47.6B |
| P/E (trailing) | – | 168.9 |
| Dividend yield | 4.98% | 2.14% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | HR | VTR |
|---|---|---|
| 2022 | -17.5% | -8.5% |
| 2023 | -4.1% | +15.1% |
| 2024 | +6.4% | +22.2% |
| 2025 | +6.9% | +35.1% |
| 2026 | +17.2% | +21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HR and VTR 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 HR and VTR?
As of 2026-08-27, the correlation of weekly returns between HR and VTR is 0.56 over 3 years, 0.42 over 1 year and 0.51 over 5 years.
Is VTR a good diversifier for HR?
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
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Related comparisons
Hubs: HR correlations · VTR correlations
