REG vs WELL: Correlation
Measured on weekly returns over the past three years, Regency Centers (REG) and Welltower (WELL) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REG and WELL?
Across a 3-year window, the weekly returns of REG and WELL correlate at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 212.1 %².
Among the 41 assets we track against REG, WELL ranks #22 by 3-year correlation. The last year tells two different stories: WELL led by 36.5 percentage points, +8.4% for REG against +44.9% for WELL. The rolling one-year correlation moved between 0.43 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.
REG vs WELL: side by side
| REG (Regency Centers) | WELL (Welltower) | |
|---|---|---|
| 1-year return | +8.4% | +44.9% |
| 5-year return | +35.2% | +214.9% |
| Volatility (ann.) | 17.8% | 21.2% |
| Beta vs S&P 500 | 0.34 | 0.30 |
| Max drawdown (3Y) | -15.1% | -13.0% |
| Market cap | $14.1B | $172.6B |
| P/E (trailing) | 25.5 | 108.9 |
| Dividend yield | 3.89% | 1.27% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | REG | WELL |
|---|---|---|
| 2022 | -13.6% | -21.2% |
| 2023 | +11.9% | +41.8% |
| 2024 | +14.9% | +43.1% |
| 2025 | -2.8% | +49.9% |
| 2026 | +11.4% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REG and WELL good diversifiers for each other?
Only partially. A correlation of 0.56 means REG and WELL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between REG and WELL?
The REG/WELL correlation stands at 0.56 on a 3-year window (1 year: 0.57, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is WELL a good diversifier for REG?
Only partially. A correlation of 0.56 means REG and WELL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
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: REG correlations · WELL correlations
