UDR vs WELL: Correlation
UDR, Inc. (UDR) and Welltower (WELL) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UDR and WELL?
Across a 3-year window, the weekly returns of UDR and WELL correlate at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. Stretching to 5 years gives 0.58, with an annualized covariance of 232.9 %².
By 3-year correlation, WELL places #16 of the 32 assets tracked against UDR. Their recent paths diverged sharply: over the last 12 months WELL outperformed by 45.5 percentage points (-0.6% for UDR against +44.9% for WELL). Across three years, the rolling one-year figure varied moderately, from 0.29 to 0.72.
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.
UDR vs WELL: side by side
| UDR (UDR, Inc.) | WELL (Welltower) | |
|---|---|---|
| 1-year return | -0.6% | +44.9% |
| 5-year return | -15.5% | +214.9% |
| Volatility (ann.) | 21.1% | 21.2% |
| Beta vs S&P 500 | 0.54 | 0.30 |
| Max drawdown (3Y) | -24.9% | -13.0% |
| Market cap | $13.6B | $172.6B |
| P/E (trailing) | 23.9 | 108.9 |
| Dividend yield | 4.56% | 1.27% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | UDR | WELL |
|---|---|---|
| 2022 | -33.4% | -21.2% |
| 2023 | +3.1% | +41.8% |
| 2024 | +18.3% | +43.1% |
| 2025 | -11.8% | +49.9% |
| 2026 | +4.3% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UDR and WELL good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between UDR and WELL?
The UDR/WELL correlation stands at 0.52 on a 3-year window (1 year: 0.51, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is WELL a good diversifier for UDR?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: UDR correlations · WELL correlations
