AKR vs UE: Correlation
Acadia Realty Trust (AKR) and Urban Edge Properties (UE) show a very strong relationship: their 3-year correlation of weekly returns is 0.80.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKR and UE?
Over the past 3 years, AKR and UE moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.64) than the 3-year average (0.80). Over 5 years the correlation is 0.85, and the annualized covariance of weekly returns is 465.0 %².
Within AKR's tracked universe of 17 assets, UE comes in at #4 by 3-year correlation. Neither side won the trailing year by much: +9.0% against +6.9%.
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 UE: side by side
| AKR (Acadia Realty Trust) | UE (Urban Edge Properties) | |
|---|---|---|
| 1-year return | +9.0% | +6.9% |
| 5-year return | +21.0% | +37.5% |
| Volatility (ann.) | 24.9% | 23.3% |
| Beta vs S&P 500 | 0.71 | 0.70 |
| Max drawdown (3Y) | -31.8% | -29.7% |
| Market cap | $3.0B | $2.9B |
| P/E (trailing) | 59.7 | 40.2 |
| Dividend yield | 3.80% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKR | UE |
|---|---|---|
| 2022 | -31.2% | -22.8% |
| 2023 | +24.4% | +35.3% |
| 2024 | +47.7% | +21.7% |
| 2025 | -11.5% | -7.2% |
| 2026 | +3.8% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKR and UE good diversifiers for each other?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between AKR and UE?
As of 2026-08-27, the correlation of weekly returns between AKR and UE is 0.80 over 3 years, 0.64 over 1 year and 0.85 over 5 years.
Is UE a good diversifier for AKR?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.80 mean?
On the −1 to +1 scale, 0.80 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-ue.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/akr-vs-ue/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AKR correlations · UE correlations
