ACRE vs IHRT: Correlation
How closely do Ares Commercial Real Estate Corporation (ACRE) and iHeartMedia, Inc. (IHRT) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACRE and IHRT?
On 3 years of weekly data the ACRE/IHRT correlation comes out at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 1661.1 %².
By 3-year correlation, IHRT places #8 of the 13 assets tracked against ACRE. On 12-month performance IHRT holds a 7.0-point edge, +13.6% against +20.6%. Risk is not evenly split, since IHRT carries 2.6 times the volatility of the other side.
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.
ACRE vs IHRT: side by side
| ACRE (Ares Commercial Real Estate Corporation) | IHRT (iHeartMedia, Inc.) | |
|---|---|---|
| 1-year return | +13.6% | +20.6% |
| 5-year return | -43.9% | -89.2% |
| Volatility (ann.) | 37.4% | 97.6% |
| Beta vs S&P 500 | 0.90 | 1.73 |
| Max drawdown (3Y) | -61.3% | -77.2% |
| Market cap | $0.3B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 12.96% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACRE | IHRT |
|---|---|---|
| 2022 | -20.4% | -70.9% |
| 2023 | +15.6% | -56.4% |
| 2024 | -34.0% | -25.8% |
| 2025 | -7.9% | +110.1% |
| 2026 | +3.4% | -35.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACRE and IHRT good diversifiers for each other?
Reasonably. At 0.45, ACRE and IHRT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACRE and IHRT?
The ACRE/IHRT correlation stands at 0.45 on a 3-year window (1 year: 0.40, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is IHRT a good diversifier for ACRE?
Reasonably. At 0.45, ACRE and IHRT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/acre-vs-ihrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acre-vs-ihrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACRE correlations · IHRT correlations
