USAR vs WELL: Correlation
USA Rare Earth, Inc. (USAR) and Welltower (WELL) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are USAR and WELL?
Over the past 3 years, USAR and WELL moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.32) than the 3-year average (-0.20). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -423.4 %².
Within USAR's tracked universe of 34 assets, WELL comes in at #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WELL outperformed by 22.2 percentage points (+22.7% for USAR against +44.9% for WELL). Risk is not evenly split, since USAR carries 4.6 times the volatility of the other side.
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.
USAR vs WELL: side by side
| USAR (USA Rare Earth, Inc.) | WELL (Welltower) | |
|---|---|---|
| 1-year return | +22.7% | +44.9% |
| 5-year return | n/a | +214.9% |
| Volatility (ann.) | 98.3% | 21.2% |
| Beta vs S&P 500 | -0.14 | 0.30 |
| Max drawdown (3Y) | -69.2% | -13.0% |
| Market cap | $4.7B | $172.6B |
| P/E (trailing) | – | 108.9 |
| Dividend yield | 0.00% | 1.27% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | USAR | WELL |
|---|---|---|
| 2022 | – | -21.2% |
| 2023 | – | +41.8% |
| 2024 | +11.1% | +43.1% |
| 2025 | +3.7% | +49.9% |
| 2026 | +61.8% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are USAR and WELL good diversifiers for each other?
Yes. With a correlation of -0.20, USAR and WELL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between USAR and WELL?
As of 2026-08-27, the correlation of weekly returns between USAR and WELL is -0.20 over 3 years, -0.32 over 1 year and n/a over 5 years.
Is WELL a good diversifier for USAR?
Yes. With a correlation of -0.20, USAR and WELL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/usar-vs-well.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/usar-vs-well/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: USAR correlations · WELL correlations
