AKR vs BRX: Correlation
Measured on weekly returns over the past three years, Acadia Realty Trust (AKR) and Brixmor Property Group Inc. (BRX) carry a correlation of 0.80, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKR and BRX?
On 3 years of weekly data the AKR/BRX correlation comes out at 0.80, very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.69) than the 3-year average (0.80). The 5-year figure is 0.84, and annualized covariance runs at 410.9 %².
Few assets follow AKR as closely as BRX, which ranks #2 of 17 tracked partners. Their 12-month results are close: +9.0% for AKR against +8.4% for BRX.
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.
AKR vs BRX: side by side
| AKR (Acadia Realty Trust) | BRX (Brixmor Property Group Inc.) | |
|---|---|---|
| 1-year return | +9.0% | +8.4% |
| 5-year return | +21.0% | +55.9% |
| Volatility (ann.) | 24.9% | 20.7% |
| Beta vs S&P 500 | 0.71 | 0.56 |
| Max drawdown (3Y) | -31.8% | -22.4% |
| Market cap | $3.0B | $8.9B |
| P/E (trailing) | 59.7 | 20.9 |
| Dividend yield | 3.80% | 4.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKR | BRX |
|---|---|---|
| 2022 | -31.2% | -6.8% |
| 2023 | +24.4% | +7.7% |
| 2024 | +47.7% | +25.2% |
| 2025 | -11.5% | -1.7% |
| 2026 | +3.8% | +14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKR and BRX good diversifiers for each other?
No. With a correlation of 0.80, AKR and BRX move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AKR and BRX?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.69 over the last year and 0.84 over 5 years.
Is BRX a good diversifier for AKR?
No. With a correlation of 0.80, AKR and BRX move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 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/akr-vs-brx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/akr-vs-brx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AKR correlations · BRX correlations
