ACRE vs III: Correlation
Measured on weekly returns over the past three years, Ares Commercial Real Estate Corporation (ACRE) and Information Services Group, Inc. (III) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACRE and III?
On 3 years of weekly data the ACRE/III correlation comes out at 0.51, moderate. The past 12 months show a weaker link (0.37) than the 3-year average (0.51). The 5-year figure is 0.46, and annualized covariance runs at 730.9 %².
Among the 13 assets we track against ACRE, III ranks #7 by 3-year correlation. Over the last 12 months ACRE came out ahead by 8.0 percentage points (+13.6% against +5.6%).
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 III: side by side
| ACRE (Ares Commercial Real Estate Corporation) | III (Information Services Group, Inc.) | |
|---|---|---|
| 1-year return | +13.6% | +5.6% |
| 5-year return | -43.9% | -14.6% |
| Volatility (ann.) | 37.4% | 38.4% |
| Beta vs S&P 500 | 0.90 | 0.99 |
| Max drawdown (3Y) | -61.3% | -41.5% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | – | 21.0 |
| Dividend yield | 12.96% | 3.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACRE | III |
|---|---|---|
| 2022 | -20.4% | -38.1% |
| 2023 | +15.6% | +6.2% |
| 2024 | -34.0% | -25.3% |
| 2025 | -7.9% | +79.8% |
| 2026 | +3.4% | -10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACRE and III good diversifiers for each other?
Only partially. A correlation of 0.51 means ACRE and III 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 ACRE and III?
The ACRE/III correlation stands at 0.51 on a 3-year window (1 year: 0.37, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is III a good diversifier for ACRE?
Only partially. A correlation of 0.51 means ACRE and III share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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: ACRE correlations · III correlations
