AAT vs CTO: Correlation
American Assets Trust, Inc. (AAT) and CTO Realty Growth, Inc. (CTO) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAT and CTO?
Over the past 3 years, AAT and CTO moved with a correlation of 0.66, which is strong. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 317.9 %².
By 3-year correlation, CTO places #11 of the 24 assets tracked against AAT. The last year tells two different stories: CTO led by 19.6 percentage points, +16.2% for AAT against +35.8% for CTO.
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 CTO: side by side
| AAT (American Assets Trust, Inc.) | CTO (CTO Realty Growth, Inc.) | |
|---|---|---|
| 1-year return | +16.2% | +35.8% |
| 5-year return | -24.9% | +74.0% |
| Volatility (ann.) | 26.7% | 18.0% |
| Beta vs S&P 500 | 0.74 | 0.39 |
| Max drawdown (3Y) | -38.0% | -21.4% |
| Market cap | $1.7B | $0.8B |
| P/E (trailing) | 75.0 | 15.8 |
| Dividend yield | 5.98% | 7.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAT | CTO |
|---|---|---|
| 2022 | -26.4% | -4.0% |
| 2023 | -9.6% | +3.7% |
| 2024 | +23.3% | +23.6% |
| 2025 | -23.0% | +1.6% |
| 2026 | +22.7% | +21.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAT and CTO good diversifiers for each other?
To a limited degree. At 0.66 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 CTO?
As of 2026-08-27, the correlation of weekly returns between AAT and CTO is 0.66 over 3 years, 0.59 over 1 year and 0.67 over 5 years.
Is CTO a good diversifier for AAT?
To a limited degree. At 0.66 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 0.66 mean?
A reading of 0.66 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/aat-vs-cto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aat-vs-cto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AAT correlations · CTO correlations
