HR vs WPC: Correlation
Healthcare Realty Trust Incorporated (HR) and W. P. Carey Inc. REIT (WPC) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HR and WPC?
On 3 years of weekly data the HR/WPC correlation comes out at 0.64, strong. Little has changed lately, as the 1-year reading of 0.67 lands near the 3-year figure. The 5-year figure is 0.50, and annualized covariance runs at 289.7 %².
WPC is one of the assets that tracks HR most closely: it ranks #3 out of the 11 assets we track against HR. On 12-month performance HR holds a 5.4-point edge, +16.6% against +11.2%.
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.
HR vs WPC: side by side
| HR (Healthcare Realty Trust Incorporated) | WPC (W. P. Carey Inc. REIT) | |
|---|---|---|
| 1-year return | +16.6% | +11.2% |
| 5-year return | +12.6% | +23.0% |
| Volatility (ann.) | 21.8% | 20.9% |
| Beta vs S&P 500 | 0.37 | 0.30 |
| Max drawdown (3Y) | -24.4% | -19.6% |
| Market cap | $6.6B | $16.0B |
| P/E (trailing) | – | 24.4 |
| Dividend yield | 4.98% | 5.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HR | WPC |
|---|---|---|
| 2022 | -17.5% | +0.5% |
| 2023 | -4.1% | -9.9% |
| 2024 | +6.4% | -10.6% |
| 2025 | +6.9% | +25.0% |
| 2026 | +17.2% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HR and WPC good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HR and WPC?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.67 over the last year and 0.50 over 5 years.
Is WPC a good diversifier for HR?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
A reading of 0.64 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/hr-vs-wpc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hr-vs-wpc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HR correlations · WPC correlations
