AMT vs GLPI: Correlation
American Tower (AMT) and Gaming and Leisure Properties, Inc. (GLPI) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMT and GLPI?
On 3 years of weekly data the AMT/GLPI correlation comes out at 0.56, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.56 over 3. The 5-year figure is 0.57, and annualized covariance runs at 260.4 %².
Among the 30 assets we track against AMT, GLPI ranks #11 by 3-year correlation. Over the last 12 months GLPI came out ahead by 5.5 percentage points (-11.0% against -5.5%). Note the risk asymmetry: AMT runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AMT vs GLPI: side by side
| AMT (American Tower) | GLPI (Gaming and Leisure Properties, Inc.) | |
|---|---|---|
| 1-year return | -11.0% | -5.5% |
| 5-year return | -30.2% | +19.9% |
| Volatility (ann.) | 27.1% | 17.1% |
| Beta vs S&P 500 | 0.18 | 0.29 |
| Max drawdown (3Y) | -28.4% | -14.9% |
| Market cap | $81.2B | $12.7B |
| P/E (trailing) | 24.2 | 12.4 |
| Dividend yield | 3.97% | 7.42% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | AMT | GLPI |
|---|---|---|
| 2022 | -25.7% | +13.5% |
| 2023 | +5.4% | +0.9% |
| 2024 | -12.2% | +3.9% |
| 2025 | -0.9% | -0.8% |
| 2026 | +1.1% | -2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMT and GLPI good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMT and GLPI?
As of 2026-08-27, the correlation of weekly returns between AMT and GLPI is 0.56 over 3 years, 0.49 over 1 year and 0.57 over 5 years.
Is GLPI a good diversifier for AMT?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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.
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Related comparisons
Hubs: AMT correlations · GLPI correlations
