AAT vs UE: Correlation
Measured on weekly returns over the past three years, American Assets Trust, Inc. (AAT) and Urban Edge Properties (UE) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAT and UE?
On 3 years of weekly data the AAT/UE correlation comes out at 0.77, strong. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. The 5-year figure is 0.76, and annualized covariance runs at 480.8 %².
Among the 24 assets we track against AAT, UE ranks #4 by 3-year correlation. The trailing year gives AAT the advantage: +16.2% versus +6.9%, a 9.3-point spread.
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 UE: side by side
| AAT (American Assets Trust, Inc.) | UE (Urban Edge Properties) | |
|---|---|---|
| 1-year return | +16.2% | +6.9% |
| 5-year return | -24.9% | +37.5% |
| Volatility (ann.) | 26.7% | 23.3% |
| Beta vs S&P 500 | 0.74 | 0.70 |
| Max drawdown (3Y) | -38.0% | -29.7% |
| Market cap | $1.7B | $2.9B |
| P/E (trailing) | 75.0 | 40.2 |
| Dividend yield | 5.98% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAT | UE |
|---|---|---|
| 2022 | -26.4% | -22.8% |
| 2023 | -9.6% | +35.3% |
| 2024 | +23.3% | +21.7% |
| 2025 | -23.0% | -7.2% |
| 2026 | +22.7% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAT and UE good diversifiers for each other?
Only partially. A correlation of 0.77 means AAT and UE 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 UE?
As of 2026-08-27, the correlation of weekly returns between AAT and UE is 0.77 over 3 years, 0.76 over 1 year and 0.76 over 5 years.
Is UE a good diversifier for AAT?
Only partially. A correlation of 0.77 means AAT and UE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aat-vs-ue.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aat-vs-ue/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AAT correlations · UE correlations
