NNN vs VTR: Correlation
NNN REIT, Inc. (NNN) and Ventas (VTR) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NNN and VTR?
Over the past 3 years, NNN and VTR moved with a correlation of 0.58, which is moderate. Recent behaviour matches the longer record: 0.61 over 1 year against 0.58 over 3. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 235.7 %².
Among the 34 assets we track against NNN, VTR ranks #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VTR outperformed by 27.3 percentage points (+13.1% for NNN against +40.4% for VTR).
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.
NNN vs VTR: side by side
| NNN (NNN REIT, Inc.) | VTR (Ventas) | |
|---|---|---|
| 1-year return | +13.1% | +40.4% |
| 5-year return | +25.1% | +98.1% |
| Volatility (ann.) | 18.8% | 21.5% |
| Beta vs S&P 500 | 0.31 | 0.25 |
| Max drawdown (3Y) | -22.0% | -16.7% |
| Market cap | $8.6B | $47.6B |
| P/E (trailing) | 22.3 | 168.9 |
| Dividend yield | 5.26% | 2.14% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | NNN | VTR |
|---|---|---|
| 2022 | -0.0% | -8.5% |
| 2023 | -0.6% | +15.1% |
| 2024 | -0.1% | +22.2% |
| 2025 | +2.8% | +35.1% |
| 2026 | +19.2% | +21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NNN and VTR good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between NNN and VTR?
As of 2026-08-27, the correlation of weekly returns between NNN and VTR is 0.58 over 3 years, 0.61 over 1 year and 0.64 over 5 years.
Is VTR a good diversifier for NNN?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
A reading of 0.58 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: NNN correlations · VTR correlations
