AKR vs CTO: Correlation
Acadia Realty Trust (AKR) and CTO Realty Growth, Inc. (CTO) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKR and CTO?
On 3 years of weekly data the AKR/CTO correlation comes out at 0.65, strong. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. The 5-year figure is 0.69, and annualized covariance runs at 289.1 %².
Among the 17 assets we track against AKR, CTO ranks #9 by 3-year correlation. The last year tells two different stories: CTO led by 26.8 percentage points, +9.0% for AKR against +35.8% for CTO.
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 CTO: side by side
| AKR (Acadia Realty Trust) | CTO (CTO Realty Growth, Inc.) | |
|---|---|---|
| 1-year return | +9.0% | +35.8% |
| 5-year return | +21.0% | +74.0% |
| Volatility (ann.) | 24.9% | 18.0% |
| Beta vs S&P 500 | 0.71 | 0.39 |
| Max drawdown (3Y) | -31.8% | -21.4% |
| Market cap | $3.0B | $0.8B |
| P/E (trailing) | 59.7 | 15.8 |
| Dividend yield | 3.80% | 7.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKR | CTO |
|---|---|---|
| 2022 | -31.2% | -4.0% |
| 2023 | +24.4% | +3.7% |
| 2024 | +47.7% | +23.6% |
| 2025 | -11.5% | +1.6% |
| 2026 | +3.8% | +21.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKR and CTO good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AKR and CTO?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.62 over the last year and 0.69 over 5 years.
Is CTO a good diversifier for AKR?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 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-cto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/akr-vs-cto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AKR correlations · CTO correlations
