AAT vs AHRT: Correlation
American Assets Trust, Inc. (AAT) and AH Realty Trust, Inc. (AHRT) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAT and AHRT?
On 3 years of weekly data the AAT/AHRT correlation comes out at 0.60, strong. Lately the two have drifted apart, with the 1-year correlation at 0.40 versus 0.60 over 3 years. The 5-year figure is 0.63, and annualized covariance runs at 437.4 %².
Among the 24 assets we track against AAT, AHRT ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AAT outperformed by 15.7 percentage points (+16.2% for AAT against +0.5% for AHRT).
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.
AAT vs AHRT: side by side
| AAT (American Assets Trust, Inc.) | AHRT (AH Realty Trust, Inc.) | |
|---|---|---|
| 1-year return | +16.2% | +0.5% |
| 5-year return | -24.9% | -29.6% |
| Volatility (ann.) | 26.7% | 27.4% |
| Beta vs S&P 500 | 0.74 | 0.82 |
| Max drawdown (3Y) | -38.0% | -52.0% |
| Market cap | $1.7B | $0.6B |
| P/E (trailing) | 75.0 | – |
| Dividend yield | 5.98% | 8.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAT | AHRT |
|---|---|---|
| 2022 | -26.4% | -19.9% |
| 2023 | -9.6% | +15.0% |
| 2024 | +23.3% | -10.8% |
| 2025 | -23.0% | -30.0% |
| 2026 | +22.7% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAT and AHRT good diversifiers for each other?
To a limited degree. At 0.60 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 AAT and AHRT?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.40 over the last year and 0.63 over 5 years.
Is AHRT a good diversifier for AAT?
To a limited degree. At 0.60 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 0.60 mean?
On the −1 to +1 scale, 0.60 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/aat-vs-ahrt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aat-vs-ahrt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AAT correlations · AHRT correlations
