LTC vs UHT: Correlation
How closely do LTC Properties, Inc. (LTC) and Universal Health Realty Income Trust (UHT) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LTC and UHT?
On 3 years of weekly data the LTC/UHT correlation comes out at 0.61, strong. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. The 5-year figure is 0.64, and annualized covariance runs at 275.9 %².
By 3-year correlation, UHT places #5 of the 14 assets tracked against LTC. The trailing year gives LTC the advantage: +18.6% versus +9.4%, a 9.2-point spread.
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.
LTC vs UHT: side by side
| LTC (LTC Properties, Inc.) | UHT (Universal Health Realty Income Trust) | |
|---|---|---|
| 1-year return | +18.6% | +9.4% |
| 5-year return | +63.7% | -3.5% |
| Volatility (ann.) | 17.7% | 25.4% |
| Beta vs S&P 500 | 0.22 | 0.40 |
| Max drawdown (3Y) | -14.5% | -27.9% |
| Market cap | $2.2B | $0.6B |
| P/E (trailing) | 14.5 | 30.2 |
| Dividend yield | 5.63% | 7.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LTC | UHT |
|---|---|---|
| 2022 | +10.5% | -15.3% |
| 2023 | -3.2% | -3.6% |
| 2024 | +14.9% | -7.4% |
| 2025 | +6.2% | +13.3% |
| 2026 | +23.1% | +9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LTC and UHT good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LTC and UHT?
As of 2026-08-27, the correlation of weekly returns between LTC and UHT is 0.61 over 3 years, 0.57 over 1 year and 0.64 over 5 years.
Is UHT a good diversifier for LTC?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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/ltc-vs-uht.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ltc-vs-uht/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LTC correlations · UHT correlations
