AMT vs KIM: Correlation
American Tower (AMT) and Kimco Realty (KIM) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMT and KIM?
On 3 years of weekly data the AMT/KIM correlation comes out at 0.54, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.54 over 3. The 5-year figure is 0.50, and annualized covariance runs at 338.8 %².
By 3-year correlation, KIM places #16 of the 30 assets tracked against AMT. Their recent paths diverged sharply: over the last 12 months KIM outperformed by 22.4 percentage points (-11.0% for AMT against +11.4% for KIM). Across three years, the rolling one-year figure varied moderately, from 0.35 to 0.74.
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 KIM: side by side
| AMT (American Tower) | KIM (Kimco Realty) | |
|---|---|---|
| 1-year return | -11.0% | +11.4% |
| 5-year return | -30.2% | +35.9% |
| Volatility (ann.) | 27.1% | 22.9% |
| Beta vs S&P 500 | 0.18 | 0.63 |
| Max drawdown (3Y) | -28.4% | -25.9% |
| Market cap | $81.2B | $16.0B |
| P/E (trailing) | 24.2 | 28.0 |
| Dividend yield | 3.97% | 4.29% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | AMT | KIM |
|---|---|---|
| 2022 | -25.7% | -10.8% |
| 2023 | +5.4% | +6.1% |
| 2024 | -12.2% | +15.0% |
| 2025 | -0.9% | -9.3% |
| 2026 | +1.1% | +20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMT and KIM good diversifiers for each other?
Only partially. A correlation of 0.54 means AMT and KIM 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 AMT and KIM?
The AMT/KIM correlation stands at 0.54 on a 3-year window (1 year: 0.47, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is KIM a good diversifier for AMT?
Only partially. A correlation of 0.54 means AMT and KIM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 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.
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Related comparisons
Hubs: AMT correlations · KIM correlations
