AKR vs OUT: Correlation
How closely do Acadia Realty Trust (AKR) and OUTFRONT Media Inc. (OUT) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKR and OUT?
Across a 3-year window, the weekly returns of AKR and OUT correlate at 0.64, strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.64 over 3. Stretching to 5 years gives 0.64, with an annualized covariance of 594.1 %².
By 3-year correlation, OUT places #10 of the 17 assets tracked against AKR. Their recent paths diverged sharply: over the last 12 months OUT outperformed by 57.8 percentage points (+9.0% for AKR against +66.8% for OUT).
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 OUT: side by side
| AKR (Acadia Realty Trust) | OUT (OUTFRONT Media Inc.) | |
|---|---|---|
| 1-year return | +9.0% | +66.8% |
| 5-year return | +21.0% | +65.9% |
| Volatility (ann.) | 24.9% | 37.2% |
| Beta vs S&P 500 | 0.71 | 1.22 |
| Max drawdown (3Y) | -31.8% | -32.0% |
| Market cap | $3.0B | $5.3B |
| P/E (trailing) | 59.7 | 21.9 |
| Dividend yield | 3.80% | 3.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKR | OUT |
|---|---|---|
| 2022 | -31.2% | -34.4% |
| 2023 | +24.4% | -8.0% |
| 2024 | +47.7% | +40.6% |
| 2025 | -11.5% | +41.5% |
| 2026 | +3.8% | +27.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKR and OUT good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AKR and OUT?
As of 2026-08-27, the correlation of weekly returns between AKR and OUT is 0.64 over 3 years, 0.66 over 1 year and 0.64 over 5 years.
Is OUT a good diversifier for AKR?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
A reading of 0.64 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-out.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/akr-vs-out/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AKR correlations · OUT correlations
