AKR vs KIM: Correlation
Acadia Realty Trust (AKR) and Kimco Realty (KIM) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKR and KIM?
Across a 3-year window, the weekly returns of AKR and KIM correlate at 0.77, strong. The past 12 months show a weaker link (0.61) than the 3-year average (0.77). Stretching to 5 years gives 0.81, with an annualized covariance of 438.5 %².
By 3-year correlation, KIM places #6 of the 17 assets tracked against AKR. Neither side won the trailing year by much: +9.0% against +11.4%.
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 KIM: side by side
| AKR (Acadia Realty Trust) | KIM (Kimco Realty) | |
|---|---|---|
| 1-year return | +9.0% | +11.4% |
| 5-year return | +21.0% | +35.9% |
| Volatility (ann.) | 24.9% | 22.9% |
| Beta vs S&P 500 | 0.71 | 0.63 |
| Max drawdown (3Y) | -31.8% | -25.9% |
| Market cap | $3.0B | $16.0B |
| P/E (trailing) | 59.7 | 28.0 |
| Dividend yield | 3.80% | 4.29% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | AKR | KIM |
|---|---|---|
| 2022 | -31.2% | -10.8% |
| 2023 | +24.4% | +6.1% |
| 2024 | +47.7% | +15.0% |
| 2025 | -11.5% | -9.3% |
| 2026 | +3.8% | +20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKR and KIM good diversifiers for each other?
Only partially. A correlation of 0.77 means AKR and KIM 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 AKR and KIM?
The AKR/KIM correlation stands at 0.77 on a 3-year window (1 year: 0.61, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is KIM a good diversifier for AKR?
Only partially. A correlation of 0.77 means AKR and KIM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 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.
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Related comparisons
Hubs: AKR correlations · KIM correlations
