AKR vs VNQ: Correlation
Measured on weekly returns over the past three years, Acadia Realty Trust (AKR) and Vanguard Real Estate ETF (VNQ) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKR and VNQ?
On 3 years of weekly data the AKR/VNQ correlation comes out at 0.79, strong. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. The 5-year figure is 0.77, and annualized covariance runs at 324.5 %².
Among the 17 assets we track against AKR, VNQ ranks #5 by 3-year correlation. Neither side won the trailing year by much: +9.0% against +10.3%.
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 VNQ: side by side
| AKR (Acadia Realty Trust) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | +9.0% | +10.3% |
| 5-year return | +21.0% | +9.5% |
| Volatility (ann.) | 24.9% | 16.6% |
| Beta vs S&P 500 | 0.71 | 0.59 |
| Max drawdown (3Y) | -31.8% | -17.5% |
| Market cap | $3.0B | – |
| P/E (trailing) | 59.7 | – |
| Dividend yield | 3.80% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | US Listed | ETF · Real Estate |
VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | AKR | VNQ |
|---|---|---|
| 2022 | -31.2% | -26.3% |
| 2023 | +24.4% | +11.9% |
| 2024 | +47.7% | +4.8% |
| 2025 | -11.5% | +3.2% |
| 2026 | +3.8% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
AKR represents 0.15% of VNQ's portfolio, so part of any move in VNQ is AKR itself, and the correlation between them is partly mechanical.
Are AKR and VNQ good diversifiers for each other?
To a limited degree. At 0.79 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AKR and VNQ?
The AKR/VNQ correlation stands at 0.79 on a 3-year window (1 year: 0.73, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is VNQ a good diversifier for AKR?
To a limited degree. At 0.79 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.79 mean?
On the −1 to +1 scale, 0.79 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-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/akr-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AKR correlations · VNQ correlations
