VTR vs WELL: Correlation
Measured on weekly returns over the past three years, Ventas (VTR) and Welltower (WELL) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VTR and WELL?
On 3 years of weekly data the VTR/WELL correlation comes out at 0.75, strong. The link has tightened recently: the 1-year correlation (0.87) runs above the 3-year figure (0.75). The 5-year figure is 0.79, and annualized covariance runs at 340.6 %².
WELL is one of the assets that tracks VTR most closely: it ranks #1 out of the 31 assets we track against VTR. Neither side won the trailing year by much: +40.4% against +44.9%. The rolling one-year correlation moved between 0.50 and 0.87 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.
VTR vs WELL: side by side
| VTR (Ventas) | WELL (Welltower) | |
|---|---|---|
| 1-year return | +40.4% | +44.9% |
| 5-year return | +98.1% | +214.9% |
| Volatility (ann.) | 21.5% | 21.2% |
| Beta vs S&P 500 | 0.25 | 0.30 |
| Max drawdown (3Y) | -16.7% | -13.0% |
| Market cap | $47.6B | $172.6B |
| P/E (trailing) | 168.9 | 108.9 |
| Dividend yield | 2.14% | 1.27% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | VTR | WELL |
|---|---|---|
| 2022 | -8.5% | -21.2% |
| 2023 | +15.1% | +41.8% |
| 2024 | +22.2% | +43.1% |
| 2025 | +35.1% | +49.9% |
| 2026 | +21.5% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VTR and WELL good diversifiers for each other?
To a limited degree. At 0.75 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between VTR and WELL?
As of 2026-08-27, the correlation of weekly returns between VTR and WELL is 0.75 over 3 years, 0.87 over 1 year and 0.79 over 5 years.
Is WELL a good diversifier for VTR?
To a limited degree. At 0.75 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vtr-vs-well.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/vtr-vs-well/)
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Related comparisons
Hubs: VTR correlations · WELL correlations
