TMUS vs WELL: Correlation
How closely do T-Mobile US (TMUS) and Welltower (WELL) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TMUS and WELL?
Over the past 3 years, TMUS and WELL moved with a correlation of 0.36, which is moderate. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 187.0 %².
Among the 31 assets we track against TMUS, WELL ranks #13 by 3-year correlation. The last year tells two different stories: WELL led by 72.9 percentage points, -28.0% for TMUS against +44.9% for WELL. Across three years, the rolling one-year figure varied moderately, from 0.20 to 0.55.
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.
TMUS vs WELL: side by side
| TMUS (T-Mobile US) | WELL (Welltower) | |
|---|---|---|
| 1-year return | -28.0% | +44.9% |
| 5-year return | +34.8% | +214.9% |
| Volatility (ann.) | 24.6% | 21.2% |
| Beta vs S&P 500 | 0.36 | 0.30 |
| Max drawdown (3Y) | -37.1% | -13.0% |
| Market cap | $190.7B | $172.6B |
| P/E (trailing) | 18.8 | 108.9 |
| Dividend yield | 2.27% | 1.27% |
| Sector / category | Communication Services | Real Estate |
Year-by-year returns
| Year | TMUS | WELL |
|---|---|---|
| 2022 | +20.7% | -21.2% |
| 2023 | +15.0% | +41.8% |
| 2024 | +39.7% | +43.1% |
| 2025 | -6.6% | +49.9% |
| 2026 | -11.6% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TMUS and WELL good diversifiers for each other?
Reasonably. At 0.36, TMUS and WELL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TMUS and WELL?
The TMUS/WELL correlation stands at 0.36 on a 3-year window (1 year: 0.32, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is WELL a good diversifier for TMUS?
Reasonably. At 0.36, TMUS and WELL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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: TMUS correlations · WELL correlations
