LTC vs WELL: Correlation
How closely do LTC Properties, Inc. (LTC) and Welltower (WELL) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LTC and WELL?
Over the past 3 years, LTC and WELL moved with a correlation of 0.60, which is strong. The link has tightened recently: the 1-year correlation (0.76) runs above the 3-year figure (0.60). Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 225.0 %².
By 3-year correlation, WELL places #6 of the 14 assets tracked against LTC. Correlation aside, the last 12 months split them widely, with WELL ahead by 26.3 points (+18.6% versus +44.9%).
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 WELL: side by side
| LTC (LTC Properties, Inc.) | WELL (Welltower) | |
|---|---|---|
| 1-year return | +18.6% | +44.9% |
| 5-year return | +63.7% | +214.9% |
| Volatility (ann.) | 17.7% | 21.2% |
| Beta vs S&P 500 | 0.22 | 0.30 |
| Max drawdown (3Y) | -14.5% | -13.0% |
| Market cap | $2.2B | $172.6B |
| P/E (trailing) | 14.5 | 108.9 |
| Dividend yield | 5.63% | 1.27% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | LTC | WELL |
|---|---|---|
| 2022 | +10.5% | -21.2% |
| 2023 | -3.2% | +41.8% |
| 2024 | +14.9% | +43.1% |
| 2025 | +6.2% | +49.9% |
| 2026 | +23.1% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LTC and WELL good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LTC and WELL?
As of 2026-08-27, the correlation of weekly returns between LTC and WELL is 0.60 over 3 years, 0.76 over 1 year and 0.60 over 5 years.
Is WELL a good diversifier for LTC?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: LTC correlations · WELL correlations
