AAT vs KIM: Correlation
Measured on weekly returns over the past three years, American Assets Trust, Inc. (AAT) and Kimco Realty (KIM) carry a correlation of 0.76, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAT and KIM?
Across a 3-year window, the weekly returns of AAT and KIM correlate at 0.76, strong. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. Stretching to 5 years gives 0.76, with an annualized covariance of 467.1 %².
By 3-year correlation, KIM places #5 of the 24 assets tracked against AAT. Neither side won the trailing year by much: +16.2% against +11.4%.
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 KIM: side by side
| AAT (American Assets Trust, Inc.) | KIM (Kimco Realty) | |
|---|---|---|
| 1-year return | +16.2% | +11.4% |
| 5-year return | -24.9% | +35.9% |
| Volatility (ann.) | 26.7% | 22.9% |
| Beta vs S&P 500 | 0.74 | 0.63 |
| Max drawdown (3Y) | -38.0% | -25.9% |
| Market cap | $1.7B | $16.0B |
| P/E (trailing) | 75.0 | 28.0 |
| Dividend yield | 5.98% | 4.29% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | AAT | KIM |
|---|---|---|
| 2022 | -26.4% | -10.8% |
| 2023 | -9.6% | +6.1% |
| 2024 | +23.3% | +15.0% |
| 2025 | -23.0% | -9.3% |
| 2026 | +22.7% | +20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAT and KIM good diversifiers for each other?
Only partially. A correlation of 0.76 means AAT and KIM 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 KIM?
The AAT/KIM correlation stands at 0.76 on a 3-year window (1 year: 0.66, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is KIM a good diversifier for AAT?
Only partially. A correlation of 0.76 means AAT and KIM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 mean?
A reading of 0.76 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AAT correlations · KIM correlations
