AAT vs LBTYK: Correlation
American Assets Trust, Inc. (AAT) and Liberty Global Ltd. - Class C (LBTYK) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAT and LBTYK?
Over the past 3 years, AAT and LBTYK moved with a correlation of 0.38, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.50 versus 0.38 over 3 years. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 305.1 %².
Among the 24 assets we track against AAT, LBTYK sits near the bottom by co-movement, at rank #20. Correlation aside, the last 12 months split them widely, with AAT ahead by 30.6 points (+16.2% versus -14.4%).
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 LBTYK: side by side
| AAT (American Assets Trust, Inc.) | LBTYK (Liberty Global Ltd. - Class C) | |
|---|---|---|
| 1-year return | +16.2% | -14.4% |
| 5-year return | -24.9% | -31.3% |
| Volatility (ann.) | 26.7% | 29.7% |
| Beta vs S&P 500 | 0.74 | 0.45 |
| Max drawdown (3Y) | -38.0% | -36.4% |
| Market cap | $1.7B | $3.5B |
| P/E (trailing) | 75.0 | – |
| Dividend yield | 5.98% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAT | LBTYK |
|---|---|---|
| 2022 | -26.4% | -30.8% |
| 2023 | -9.6% | -4.1% |
| 2024 | +23.3% | +34.6% |
| 2025 | -23.0% | -16.0% |
| 2026 | +22.7% | -6.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAT and LBTYK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AAT and LBTYK?
The AAT/LBTYK correlation stands at 0.38 on a 3-year window (1 year: 0.50, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is LBTYK a good diversifier for AAT?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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-lbtyk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aat-vs-lbtyk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AAT correlations · LBTYK correlations
