ACRE vs PDM: Correlation
Ares Commercial Real Estate Corporation (ACRE) and Piedmont Realty Trust, Inc. (PDM) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACRE and PDM?
Across a 3-year window, the weekly returns of ACRE and PDM correlate at 0.60, strong. The past 12 months show a weaker link (0.49) than the 3-year average (0.60). Stretching to 5 years gives 0.64, with an annualized covariance of 795.2 %².
Few assets follow ACRE as closely as PDM, which ranks #1 of 13 tracked partners. Twelve-month performance is nearly a tie, at +13.6% for ACRE and +16.0% for PDM.
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 PDM: side by side
| ACRE (Ares Commercial Real Estate Corporation) | PDM (Piedmont Realty Trust, Inc.) | |
|---|---|---|
| 1-year return | +13.6% | +16.0% |
| 5-year return | -43.9% | -29.9% |
| Volatility (ann.) | 37.4% | 35.3% |
| Beta vs S&P 500 | 0.90 | 0.95 |
| Max drawdown (3Y) | -61.3% | -46.4% |
| Market cap | $0.3B | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 12.96% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACRE | PDM |
|---|---|---|
| 2022 | -20.4% | -46.8% |
| 2023 | +15.6% | -14.8% |
| 2024 | -34.0% | +37.2% |
| 2025 | -7.9% | -7.3% |
| 2026 | +3.4% | +16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACRE and PDM good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACRE and PDM?
As of 2026-08-27, the correlation of weekly returns between ACRE and PDM is 0.60 over 3 years, 0.49 over 1 year and 0.64 over 5 years.
Is PDM a good diversifier for ACRE?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 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/acre-vs-pdm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acre-vs-pdm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACRE correlations · PDM correlations
