OHI vs WELL: Correlation
Omega Healthcare Investors, Inc. (OHI) and Welltower (WELL) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OHI and WELL?
Across a 3-year window, the weekly returns of OHI and WELL correlate at 0.57, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.80 versus 0.57 over 3 years. Stretching to 5 years gives 0.47, with an annualized covariance of 212.0 %².
In OHI's tracked universe of 12 assets, WELL sits right near the top at #3. The last year tells two different stories: WELL led by 29.7 percentage points, +15.2% for OHI against +44.9% for WELL.
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.
OHI vs WELL: side by side
| OHI (Omega Healthcare Investors, Inc.) | WELL (Welltower) | |
|---|---|---|
| 1-year return | +15.2% | +44.9% |
| 5-year return | +107.9% | +214.9% |
| Volatility (ann.) | 17.7% | 21.2% |
| Beta vs S&P 500 | 0.09 | 0.30 |
| Max drawdown (3Y) | -15.5% | -13.0% |
| Market cap | $14.8B | $172.6B |
| P/E (trailing) | 16.5 | 108.9 |
| Dividend yield | 5.73% | 1.27% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | OHI | WELL |
|---|---|---|
| 2022 | +3.5% | -21.2% |
| 2023 | +19.9% | +41.8% |
| 2024 | +33.6% | +43.1% |
| 2025 | +25.5% | +49.9% |
| 2026 | +9.0% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OHI and WELL good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between OHI and WELL?
As of 2026-08-27, the correlation of weekly returns between OHI and WELL is 0.57 over 3 years, 0.80 over 1 year and 0.47 over 5 years.
Is WELL a good diversifier for OHI?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ohi-vs-well.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ohi-vs-well/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OHI correlations · WELL correlations
