AKR vs FRT: Correlation
Acadia Realty Trust (AKR) and Federal Realty Investment Trust (FRT) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKR and FRT?
On 3 years of weekly data the AKR/FRT correlation comes out at 0.83, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.80) sits close to the 3-year figure. The 5-year figure is 0.82, and annualized covariance runs at 401.9 %².
Few assets follow AKR as closely as FRT, which ranks #1 of 17 tracked partners. On 12-month performance FRT holds a 12.6-point edge, +9.0% against +21.6%.
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.
AKR vs FRT: side by side
| AKR (Acadia Realty Trust) | FRT (Federal Realty Investment Trust) | |
|---|---|---|
| 1-year return | +9.0% | +21.6% |
| 5-year return | +21.0% | +18.8% |
| Volatility (ann.) | 24.9% | 19.5% |
| Beta vs S&P 500 | 0.71 | 0.53 |
| Max drawdown (3Y) | -31.8% | -27.4% |
| Market cap | $3.0B | $10.2B |
| P/E (trailing) | 59.7 | 23.6 |
| Dividend yield | 3.80% | 3.84% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | AKR | FRT |
|---|---|---|
| 2022 | -31.2% | -22.7% |
| 2023 | +24.4% | +6.6% |
| 2024 | +47.7% | +12.1% |
| 2025 | -11.5% | -5.9% |
| 2026 | +3.8% | +19.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKR and FRT good diversifiers for each other?
No. With a correlation of 0.83, AKR and FRT move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AKR and FRT?
As of 2026-08-27, the correlation of weekly returns between AKR and FRT is 0.83 over 3 years, 0.80 over 1 year and 0.82 over 5 years.
Is FRT a good diversifier for AKR?
No. With a correlation of 0.83, AKR and FRT move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.83 mean?
On the −1 to +1 scale, 0.83 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/akr-vs-frt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/akr-vs-frt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AKR correlations · FRT correlations
