INVH vs UDR: Correlation
Measured on weekly returns over the past three years, Invitation Homes (INVH) and UDR, Inc. (UDR) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INVH and UDR?
On 3 years of weekly data the INVH/UDR correlation comes out at 0.75, strong. Recent behaviour matches the longer record: 0.72 over 1 year against 0.75 over 3. The 5-year figure is 0.78, and annualized covariance runs at 336.0 %².
By 3-year correlation, UDR places #5 of the 28 assets tracked against INVH. Their 12-month results are close: -1.9% for INVH against -0.6% for UDR. Across three years, the rolling one-year figure varied moderately, from 0.53 to 0.92.
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.
INVH vs UDR: side by side
| INVH (Invitation Homes) | UDR (UDR, Inc.) | |
|---|---|---|
| 1-year return | -1.9% | -0.6% |
| 5-year return | -16.8% | -15.5% |
| Volatility (ann.) | 21.2% | 21.1% |
| Beta vs S&P 500 | 0.50 | 0.54 |
| Max drawdown (3Y) | -30.9% | -24.9% |
| Market cap | $17.4B | $13.6B |
| P/E (trailing) | 27.3 | 23.9 |
| Dividend yield | 3.98% | 4.56% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | INVH | UDR |
|---|---|---|
| 2022 | -33.0% | -33.4% |
| 2023 | +19.7% | +3.1% |
| 2024 | -3.1% | +18.3% |
| 2025 | -9.7% | -11.8% |
| 2026 | +7.6% | +4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INVH and UDR good diversifiers for each other?
Only partially. A correlation of 0.75 means INVH and UDR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between INVH and UDR?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.72 over the last year and 0.78 over 5 years.
Is UDR a good diversifier for INVH?
Only partially. A correlation of 0.75 means INVH and UDR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
A reading of 0.75 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/invh-vs-udr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/invh-vs-udr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INVH correlations · UDR correlations
