AKR vs SPG: Correlation
Measured on weekly returns over the past three years, Acadia Realty Trust (AKR) and Simon Property Group (SPG) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKR and SPG?
Over the past 3 years, AKR and SPG moved with a correlation of 0.71, which is strong. Little has changed lately, as the 1-year reading of 0.72 lands near the 3-year figure. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 401.8 %².
By 3-year correlation, SPG places #8 of the 17 assets tracked against AKR. Correlation aside, the last 12 months split them widely, with SPG ahead by 17.3 points (+9.0% versus +26.3%).
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 SPG: side by side
| AKR (Acadia Realty Trust) | SPG (Simon Property Group) | |
|---|---|---|
| 1-year return | +9.0% | +26.3% |
| 5-year return | +21.0% | +110.2% |
| Volatility (ann.) | 24.9% | 22.7% |
| Beta vs S&P 500 | 0.71 | 0.79 |
| Max drawdown (3Y) | -31.8% | -24.3% |
| Market cap | $3.0B | $81.6B |
| P/E (trailing) | 59.7 | 15.2 |
| Dividend yield | 3.80% | 4.05% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | AKR | SPG |
|---|---|---|
| 2022 | -31.2% | -21.9% |
| 2023 | +24.4% | +29.2% |
| 2024 | +47.7% | +26.9% |
| 2025 | -11.5% | +12.9% |
| 2026 | +3.8% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKR and SPG good diversifiers for each other?
Only partially. A correlation of 0.71 means AKR and SPG 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 SPG?
The AKR/SPG correlation stands at 0.71 on a 3-year window (1 year: 0.72, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is SPG a good diversifier for AKR?
Only partially. A correlation of 0.71 means AKR and SPG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 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-spg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/akr-vs-spg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AKR correlations · SPG correlations
