AMT vs MEGI: Correlation
American Tower (AMT) and NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) 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 MEGI?
Across a 3-year window, the weekly returns of AMT and MEGI correlate at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Stretching to 5 years gives 0.54, with an annualized covariance of 297.1 %².
By 3-year correlation, MEGI places #12 of the 30 assets tracked against AMT. Their recent paths diverged sharply: over the last 12 months MEGI outperformed by 25.7 percentage points (-11.0% for AMT against +14.7% for MEGI).
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 MEGI: side by side
| AMT (American Tower) | MEGI (NYLI CBRE Global Infrastructure Megatrends Term Fund) | |
|---|---|---|
| 1-year return | -11.0% | +14.7% |
| 5-year return | -30.2% | +20.7% |
| Volatility (ann.) | 27.1% | 19.4% |
| Beta vs S&P 500 | 0.18 | 0.49 |
| Max drawdown (3Y) | -28.4% | -17.4% |
| Market cap | $81.2B | $0.8B |
| P/E (trailing) | 24.2 | 4.9 |
| Dividend yield | 3.97% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | AMT | MEGI |
|---|---|---|
| 2022 | -25.7% | -23.3% |
| 2023 | +5.4% | +5.5% |
| 2024 | -12.2% | +5.2% |
| 2025 | -0.9% | +26.2% |
| 2026 | +1.1% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMT and MEGI good diversifiers for each other?
To a limited degree. At 0.56 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 AMT and MEGI?
The AMT/MEGI correlation stands at 0.56 on a 3-year window (1 year: 0.56, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is MEGI a good diversifier for AMT?
To a limited degree. At 0.56 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 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amt-vs-megi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amt-vs-megi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMT correlations · MEGI correlations
