AKR vs KRG: Correlation
Measured on weekly returns over the past three years, Acadia Realty Trust (AKR) and Kite Realty Group Trust (KRG) 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 KRG?
Over the past 3 years, AKR and KRG moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.77 over 1 year against 0.80 over 3. Over 5 years the correlation is 0.83, and the annualized covariance of weekly returns is 432.0 %².
KRG is one of the assets that tracks AKR most closely: it ranks #3 out of the 17 assets we track against AKR. The trailing year gives KRG the advantage: +9.0% versus +20.7%, a 11.7-point spread.
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 KRG: side by side
| AKR (Acadia Realty Trust) | KRG (Kite Realty Group Trust) | |
|---|---|---|
| 1-year return | +9.0% | +20.7% |
| 5-year return | +21.0% | +61.5% |
| Volatility (ann.) | 24.9% | 21.6% |
| Beta vs S&P 500 | 0.71 | 0.58 |
| Max drawdown (3Y) | -31.8% | -29.1% |
| Market cap | $3.0B | $5.3B |
| P/E (trailing) | 59.7 | 16.5 |
| Dividend yield | 3.80% | 4.34% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKR | KRG |
|---|---|---|
| 2022 | -31.2% | +0.8% |
| 2023 | +24.4% | +13.6% |
| 2024 | +47.7% | +15.5% |
| 2025 | -11.5% | -0.2% |
| 2026 | +3.8% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKR and KRG good diversifiers for each other?
No. With a correlation of 0.80, AKR and KRG move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AKR and KRG?
As of 2026-08-27, the correlation of weekly returns between AKR and KRG is 0.80 over 3 years, 0.77 over 1 year and 0.83 over 5 years.
Is KRG a good diversifier for AKR?
No. With a correlation of 0.80, AKR and KRG move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 mean?
A reading of 0.80 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/akr-vs-krg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/akr-vs-krg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AKR correlations · KRG correlations
