SBRA vs WELL: Correlation
How closely do Sabra Health Care REIT, Inc. (SBRA) and Welltower (WELL) 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 SBRA and WELL?
Over the past 3 years, SBRA and WELL moved with a correlation of 0.56, which is moderate. The past 12 months show a tighter link (0.69) than the 3-year average (0.56). Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 246.3 %².
By 3-year correlation, WELL places #5 of the 11 assets tracked against SBRA. Their recent paths diverged sharply: over the last 12 months WELL outperformed by 32.8 percentage points (+12.1% for SBRA 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.
SBRA vs WELL: side by side
| SBRA (Sabra Health Care REIT, Inc.) | WELL (Welltower) | |
|---|---|---|
| 1-year return | +12.1% | +44.9% |
| 5-year return | +92.8% | +214.9% |
| Volatility (ann.) | 20.8% | 21.2% |
| Beta vs S&P 500 | 0.19 | 0.30 |
| Max drawdown (3Y) | -16.8% | -13.0% |
| Market cap | $5.3B | $172.6B |
| P/E (trailing) | 79.6 | 108.9 |
| Dividend yield | 5.71% | 1.27% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | SBRA | WELL |
|---|---|---|
| 2022 | +0.4% | -21.2% |
| 2023 | +26.3% | +41.8% |
| 2024 | +31.2% | +43.1% |
| 2025 | +17.0% | +49.9% |
| 2026 | +14.2% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBRA and WELL good diversifiers for each other?
Only partially. A correlation of 0.56 means SBRA 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 SBRA and WELL?
The SBRA/WELL correlation stands at 0.56 on a 3-year window (1 year: 0.69, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is WELL a good diversifier for SBRA?
Only partially. A correlation of 0.56 means SBRA 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?
On the −1 to +1 scale, 0.56 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: SBRA correlations · WELL correlations
