AMT vs VICI: Correlation
Measured on weekly returns over the past three years, American Tower (AMT) and Vici Properties (VICI) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMT and VICI?
On 3 years of weekly data the AMT/VICI correlation comes out at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 272.7 %².
By 3-year correlation, VICI places #13 of the 30 assets tracked against AMT. On 12-month performance AMT holds a 7.7-point edge, -11.0% against -18.7%. Across three years, the rolling one-year figure varied moderately, from 0.42 to 0.70. Note the risk asymmetry: AMT runs 1.5 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 VICI: side by side
| AMT (American Tower) | VICI (Vici Properties) | |
|---|---|---|
| 1-year return | -11.0% | -18.7% |
| 5-year return | -30.2% | +9.9% |
| Volatility (ann.) | 27.1% | 18.0% |
| Beta vs S&P 500 | 0.18 | 0.35 |
| Max drawdown (3Y) | -28.4% | -19.1% |
| Market cap | $81.2B | $28.4B |
| P/E (trailing) | 24.2 | 10.1 |
| Dividend yield | 3.97% | 6.92% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | AMT | VICI |
|---|---|---|
| 2022 | -25.7% | +13.0% |
| 2023 | +5.4% | +3.6% |
| 2024 | -12.2% | -3.1% |
| 2025 | -0.9% | +1.9% |
| 2026 | +1.1% | -5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMT and VICI good diversifiers for each other?
Only partially. A correlation of 0.56 means AMT and VICI 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 VICI?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.47 over the last year and 0.55 over 5 years.
Is VICI a good diversifier for AMT?
Only partially. A correlation of 0.56 means AMT and VICI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amt-vs-vici.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amt-vs-vici/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMT correlations · VICI correlations
