MCK vs WHLR: Correlation
How closely do McKesson Corporation (MCK) and Wheeler Real Estate Investment Trust, Inc. (WHLR) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCK and WHLR?
On 3 years of weekly data the MCK/WHLR correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is -0.21, and annualized covariance runs at -3659.2 %².
Among the 35 assets we track against MCK, WHLR sits near the bottom by co-movement, at rank #34. Their recent paths diverged sharply: over the last 12 months MCK outperformed by 130.8 percentage points (+30.8% for MCK against -100.0% for WHLR). One caveat on sizing: WHLR is 21.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MCK vs WHLR: side by side
| MCK (McKesson Corporation) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | +30.8% | -100.0% |
| 5-year return | +354.8% | -100.0% |
| Volatility (ann.) | 25.1% | 545.0% |
| Beta vs S&P 500 | 0.16 | -5.84 |
| Max drawdown (3Y) | -27.2% | -100.0% |
| Market cap | $103.8B | – |
| P/E (trailing) | 24.0 | 0.0 |
| Dividend yield | 0.37% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | MCK | WHLR |
|---|---|---|
| 2022 | +51.8% | -28.0% |
| 2023 | +24.1% | -98.4% |
| 2024 | +23.7% | -98.4% |
| 2025 | +44.5% | -100.0% |
| 2026 | +8.8% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCK and WHLR good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MCK and WHLR?
The MCK/WHLR correlation stands at -0.27 on a 3-year window (1 year: -0.29, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is WHLR a good diversifier for MCK?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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.
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Related comparisons
Hubs: MCK correlations · WHLR correlations
