ESRT vs. WELL
ESRT (Empire State Realty Trust, Inc.) and WELL (Welltower Inc.) are both stocks. Both are in the Real Estate sector — ESRT in REIT - Diversified, WELL in REIT - Healthcare Facilities. Over the past 10 years, ESRT returned -11.30%/yr vs 15.79%/yr for WELL. Their 0.44 correlation means their historical movements had little consistent relationship.
Performance
ESRT vs. WELL - Performance Comparison
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Returns By Period
In the year-to-date period, ESRT achieves a -21.37% return, which is significantly lower than WELL's 27.19% return. Over the past 10 years, ESRT has underperformed WELL with an annualized return of -11.30%, while WELL has yielded a comparatively higher 15.79% annualized return.
ESRT
- 1D
- 1.20%
- 1M
- -11.07%
- 6M
- -22.67%
- YTD
- -21.37%
- 1Y
- -27.61%
- 3Y*
- -15.48%
- 5Y*
- -13.52%
- 10Y*
- -11.30%
- ALL TIME*
- -5.23%
WELL
- 1D
- -0.51%
- 1M
- -0.69%
- 6M
- 25.33%
- YTD
- 27.19%
- 1Y
- 43.19%
- 3Y*
- 43.40%
- 5Y*
- 25.01%
- 10Y*
- 15.79%
- ALL TIME*
- 17.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.82M | $10.12M | $11.48M | |
WELL Welltower Inc. | $732.91M | $699.76M | $765.75M |
ESRT vs. WELL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESRT Empire State Realty Trust, Inc. | -21.37% | -35.68% | 7.97% | 46.32% | -22.82% | -3.53% | -31.48% | 0.90% | -28.91% | 3.77% |
WELL Welltower Inc. | 27.19% | 49.86% | 43.07% | 41.79% | -21.18% | 36.98% | -17.19% | 23.04% | 15.31% | 0.22% |
Correlation
The correlation between ESRT and WELL is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2013 | 0.44 |
Over the past year, the correlation between ESRT and WELL has dropped to 0.14 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
Fundamentals
ESRT:
$867.59M
WELL:
$168.93B
ESRT:
$0.02
WELL:
$2.17
ESRT:
219.33
WELL:
107.87
ESRT:
698.01
WELL:
2.39
ESRT:
1.74
WELL:
13.21
ESRT:
0.76
WELL:
3.70
ESRT:
$784.18M
WELL:
$12.66B
ESRT:
-$17.61M
WELL:
$2.25B
ESRT:
$274.47M
WELL:
$3.08B
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Return for Risk
ESRT vs. WELL — Risk / Return Rank
ESRT
WELL
ESRT vs. WELL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Empire State Realty Trust, Inc. (ESRT) and Welltower Inc. (WELL). 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.
| ESRT | WELL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.82 | ||
| Sortino ratioReturn per unit of downside risk | -3.63 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.33 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 3.52 | -4.29 |
| Martin ratioReturn relative to average drawdown | -1.27 | 8.52 | -9.79 |
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Drawdowns
ESRT vs. WELL - Drawdown Comparison
The maximum ESRT drawdown since its inception was -72.91%, which is greater than WELL's maximum drawdown of -63.33%. Use the drawdown chart below to compare losses from any high point for ESRT and WELL.
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Drawdown Indicators
| ESRT | WELL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.91% | -63.33% | -9.58% |
Max Drawdown (1Y)Largest decline over 1 year | -37.03% | -12.61% | -24.42% |
Max Drawdown (3Y)Largest decline over 3 years | -55.39% | -12.99% | -42.40% |
Max Drawdown (5Y)Largest decline over 5 years | -55.39% | -40.78% | -14.61% |
Max Drawdown (10Y)Largest decline over 10 years | -72.91% | -63.33% | -9.58% |
Current DrawdownCurrent decline from peak | -72.08% | -6.99% | -65.09% |
Average DrawdownAverage peak-to-trough decline | -34.00% | -10.27% | -23.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.40% | 5.20% | +17.20% |
Volatility
ESRT vs. WELL - Volatility Comparison
Empire State Realty Trust, Inc. (ESRT) has a higher volatility of 17.38% compared to Welltower Inc. (WELL) at 7.23%. This indicates that ESRT's price experiences larger fluctuations and is considered to be riskier than WELL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESRT | WELL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.38% | 7.23% | +10.15% |
Volatility (6M)Calculated over the trailing 6-month period | 27.45% | 18.35% | +9.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.80% | 22.30% | +12.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.29% | 23.79% | +11.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.35% | 31.99% | +4.36% |
Dividends
ESRT vs. WELL - Dividend Comparison
ESRT's dividend yield for the trailing twelve months is around 2.77%, more than WELL's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESRT Empire State Realty Trust, Inc. | 2.77% | 2.15% | 1.36% | 1.44% | 2.08% | 1.18% | 2.25% | 3.01% | 2.95% | 2.05% | 1.98% | 1.88% |
WELL Welltower Inc. | 1.26% | 1.52% | 2.03% | 2.71% | 3.72% | 2.84% | 4.18% | 4.26% | 5.01% | 5.46% | 5.14% | 4.85% |
Financials
ESRT vs. WELL - Financials Comparison
This section allows you to compare key financial metrics between Empire State Realty Trust, Inc. and Welltower 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
ESRT vs. WELL - Profitability Comparison
ESRT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Empire State Realty Trust, Inc. reported a gross profit of 163.99M and revenue of 196.90M. Therefore, the gross margin over that period was 83.3%.
WELL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Welltower Inc. reported a gross profit of -1.25B and revenue of 3.59B. Therefore, the gross margin over that period was -34.8%.
ESRT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Empire State Realty Trust, Inc. reported an operating income of -138.71M and revenue of 196.90M, resulting in an operating margin of -70.5%.
WELL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Welltower Inc. reported an operating income of 656.88M and revenue of 3.59B, resulting in an operating margin of 18.3%.
ESRT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Empire State Realty Trust, Inc. reported a net income of -25.82M and revenue of 196.90M, resulting in a net margin of -13.1%.
WELL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Welltower Inc. reported a net income of 445.00M and revenue of 3.59B, resulting in a net margin of 12.4%.
Frequently Asked Questions
ESRT and WELL have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESRT has higher volatility (17.38%) compared to WELL (7.23%). In terms of maximum drawdown, ESRT dropped -72.91% vs WELL's -63.33%.
WELL currently has the higher Sharpe Ratio (1.99 vs -0.82), 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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