DHC vs. ARE
DHC (Diversified Healthcare Trust) and ARE (Alexandria Real Estate Equities, Inc.) are both stocks. Both are in the Real Estate sector — DHC in REIT - Healthcare Facilities, ARE in REIT - Office. Over the past 10 years, DHC returned -5.09%/yr vs -3.72%/yr for ARE. Their 0.52 correlation means they have sometimes moved together and sometimes differently.
Performance
DHC vs. ARE - Performance Comparison
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Returns By Period
In the year-to-date period, DHC achieves a 82.42% return, which is significantly higher than ARE's 11.51% return. Over the past 10 years, DHC has underperformed ARE with an annualized return of -5.09%, while ARE has yielded a comparatively higher -3.72% annualized return.
DHC
- 1D
- -1.01%
- 1M
- -4.45%
- 6M
- 51.23%
- YTD
- 82.42%
- 1Y
- 171.19%
- 3Y*
- 50.20%
- 5Y*
- 20.79%
- 10Y*
- -5.09%
- ALL TIME*
- 6.62%
ARE
- 1D
- 3.07%
- 1M
- 0.86%
- 6M
- 0.78%
- YTD
- 11.51%
- 1Y
- -25.98%
- 3Y*
- -19.84%
- 5Y*
- -20.18%
- 10Y*
- -3.72%
- ALL TIME*
- 7.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $89.87M | $81.72M | $94.79M | |
| $12.80M | $11.89M | $15.25M |
DHC vs. ARE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHC Diversified Healthcare Trust | 82.42% | 113.91% | -37.64% | 497.73% | -78.60% | -24.27% | -49.85% | -21.84% | -32.84% | 9.35% |
ARE Alexandria Real Estate Equities, Inc. | 11.51% | -46.60% | -19.44% | -9.11% | -32.62% | 28.09% | 13.27% | 44.04% | -8.97% | 20.95% |
Correlation
The correlation between DHC and ARE is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2000 | 0.52 |
The correlation between DHC and ARE shifts across timeframes, from 0.40 (3 years) to 0.52 (all time), reflecting how their relationship changes across market environments.
Fundamentals
DHC:
$2.13B
ARE:
$9.24B
DHC:
-$1.11
ARE:
-$7.49
DHC:
1.41
ARE:
2.48
DHC:
$1.50B
ARE:
$2.82B
DHC:
-$38.09M
ARE:
$1.92B
DHC:
$126.53M
ARE:
$789.38M
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Return for Risk
DHC vs. ARE — Risk / Return Rank
DHC
ARE
DHC vs. ARE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diversified Healthcare Trust (DHC) and Alexandria Real Estate Equities, Inc. (ARE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DHC | ARE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.88 | ||
| Sortino ratioReturn per unit of downside risk | +5.26 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 0.92 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 13.99 | -0.51 | +14.49 |
| Martin ratioReturn relative to average drawdown | 34.16 | -0.74 | +34.90 |
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Drawdowns
DHC vs. ARE - Drawdown Comparison
The maximum DHC drawdown since its inception was -96.32%, which is greater than ARE's maximum drawdown of -77.92%. Use the drawdown chart below to compare losses from any high point for DHC and ARE.
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Drawdown Indicators
| DHC | ARE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.32% | -77.92% | -18.40% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -51.61% | +39.29% |
Max Drawdown (3Y)Largest decline over 3 years | -51.17% | -65.64% | +14.47% |
Max Drawdown (5Y)Largest decline over 5 years | -83.90% | -77.92% | -5.98% |
Max Drawdown (10Y)Largest decline over 10 years | -96.32% | -77.92% | -18.40% |
Current DrawdownCurrent decline from peak | -44.91% | -70.65% | +25.74% |
Average DrawdownAverage peak-to-trough decline | -30.42% | -18.00% | -12.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.03% | 35.36% | -30.33% |
Volatility
DHC vs. ARE - Volatility Comparison
Diversified Healthcare Trust (DHC) and Alexandria Real Estate Equities, Inc. (ARE) have volatilities of 10.38% and 10.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHC | ARE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.38% | 10.69% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 28.87% | 31.78% | -2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.13% | 45.12% | -4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.89% | 33.52% | +35.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.16% | 29.49% | +34.67% |
Dividends
DHC vs. ARE - Dividend Comparison
DHC's dividend yield for the trailing twelve months is around 0.45%, less than ARE's 6.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARE Alexandria Real Estate Equities, Inc. | 6.56% | 9.56% | 5.32% | 3.91% | 3.24% | 2.01% | 2.38% | 2.48% | 3.24% | 2.64% | 2.91% | 3.38% |
DHC Diversified Healthcare Trust | 0.45% | 0.82% | 1.74% | 1.07% | 6.18% | 1.29% | 4.37% | 9.95% | 13.31% | 8.15% | 8.24% | 11.40% |
Financials
DHC vs. ARE - Financials Comparison
This section allows you to compare key financial metrics between Diversified Healthcare Trust and Alexandria Real Estate Equities, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
DHC vs. ARE - Profitability Comparison
DHC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Diversified Healthcare Trust reported a gross profit of 0.00 and revenue of 365.39M. Therefore, the gross margin over that period was 0.0%.
ARE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Alexandria Real Estate Equities, Inc. reported a gross profit of 455.45M and revenue of 662.78M. Therefore, the gross margin over that period was 68.7%.
DHC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Diversified Healthcare Trust reported an operating income of 0.00 and revenue of 365.39M, resulting in an operating margin of 0.0%.
ARE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Alexandria Real Estate Equities, Inc. reported an operating income of 418.59M and revenue of 662.78M, resulting in an operating margin of 63.2%.
DHC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Diversified Healthcare Trust reported a net income of -37.42M and revenue of 365.39M, resulting in a net margin of -10.2%.
ARE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Alexandria Real Estate Equities, Inc. reported a net income of -73.69M and revenue of 662.78M, resulting in a net margin of -11.1%.
Frequently Asked Questions
DHC and ARE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARE has higher volatility (10.69%) compared to DHC (10.38%). In terms of maximum drawdown, DHC dropped -96.32% vs ARE's -77.92%.
DHC currently has the higher Sharpe Ratio (4.30 vs -0.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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