O vs VTR: Correlation
How closely do Realty Income (O) and Ventas (VTR) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are O and VTR?
On 3 years of weekly data the O/VTR correlation comes out at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 207.7 %².
Among the 44 assets we track against O, VTR ranks #23 by 3-year correlation. The last year tells two different stories: VTR led by 29.1 percentage points, +11.3% for O against +40.4% for VTR. The rolling one-year correlation moved between 0.25 and 0.73 over the past three years, a moderate range.
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.
O vs VTR: side by side
| O (Realty Income) | VTR (Ventas) | |
|---|---|---|
| 1-year return | +11.3% | +40.4% |
| 5-year return | +14.5% | +98.1% |
| Volatility (ann.) | 17.3% | 21.5% |
| Beta vs S&P 500 | 0.21 | 0.25 |
| Max drawdown (3Y) | -19.3% | -16.7% |
| Market cap | $58.5B | $47.6B |
| P/E (trailing) | 45.4 | 168.9 |
| Dividend yield | 5.20% | 2.14% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | O | VTR |
|---|---|---|
| 2022 | -7.4% | -8.5% |
| 2023 | -4.5% | +15.1% |
| 2024 | -2.1% | +22.2% |
| 2025 | +12.2% | +35.1% |
| 2026 | +13.0% | +21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are O and VTR good diversifiers for each other?
To a limited degree. At 0.56 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 O and VTR?
The O/VTR correlation stands at 0.56 on a 3-year window (1 year: 0.64, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is VTR a good diversifier for O?
To a limited degree. At 0.56 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 0.56 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: O correlations · VTR correlations
