AAT vs ILPT: Correlation
American Assets Trust, Inc. (AAT) and Industrial Logistics Properties Trust (ILPT) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAT and ILPT?
On 3 years of weekly data the AAT/ILPT correlation comes out at 0.61, strong. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 953.7 %².
Among the 24 assets we track against AAT, ILPT ranks #13 by 3-year correlation. The last year tells two different stories: ILPT led by 27.2 percentage points, +16.2% for AAT against +43.4% for ILPT. One caveat on sizing: ILPT is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 ILPT: side by side
| AAT (American Assets Trust, Inc.) | ILPT (Industrial Logistics Properties Trust) | |
|---|---|---|
| 1-year return | +16.2% | +43.4% |
| 5-year return | -24.9% | -65.6% |
| Volatility (ann.) | 26.7% | 59.0% |
| Beta vs S&P 500 | 0.74 | 1.10 |
| Max drawdown (3Y) | -38.0% | -51.1% |
| Market cap | $1.7B | $0.6B |
| P/E (trailing) | 75.0 | – |
| Dividend yield | 5.98% | 2.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAT | ILPT |
|---|---|---|
| 2022 | -26.4% | -86.5% |
| 2023 | -9.6% | +45.8% |
| 2024 | +23.3% | -21.6% |
| 2025 | -23.0% | +55.5% |
| 2026 | +22.7% | +54.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAT and ILPT good diversifiers for each other?
Only partially. A correlation of 0.61 means AAT and ILPT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AAT and ILPT?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.54 over the last year and 0.49 over 5 years.
Is ILPT a good diversifier for AAT?
Only partially. A correlation of 0.61 means AAT and ILPT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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-ilpt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aat-vs-ilpt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AAT correlations · ILPT correlations
