ARE vs CUZ: Correlation
How closely do Alexandria Real Estate Equities (ARE) and Cousins Properties Incorporated (CUZ) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARE and CUZ?
Across a 3-year window, the weekly returns of ARE and CUZ correlate at 0.59, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.59 over 3. Stretching to 5 years gives 0.63, with an annualized covariance of 625.7 %².
Within ARE's tracked universe of 34 assets, CUZ comes in at #15 by 3-year correlation. The last year tells two different stories: CUZ led by 39.1 percentage points, -32.1% for ARE against +7.0% for CUZ.
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.
ARE vs CUZ: side by side
| ARE (Alexandria Real Estate Equities) | CUZ (Cousins Properties Incorporated) | |
|---|---|---|
| 1-year return | -32.1% | +7.0% |
| 5-year return | -68.3% | -3.8% |
| Volatility (ann.) | 38.3% | 27.6% |
| Beta vs S&P 500 | 0.91 | 0.82 |
| Max drawdown (3Y) | -65.6% | -29.4% |
| Market cap | $9.0B | $4.9B |
| P/E (trailing) | – | 737.2 |
| Dividend yield | 6.57% | 4.32% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | ARE | CUZ |
|---|---|---|
| 2022 | -32.6% | -34.7% |
| 2023 | -9.1% | +2.0% |
| 2024 | -19.4% | +32.6% |
| 2025 | -46.6% | -12.1% |
| 2026 | +9.9% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARE and CUZ good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARE and CUZ?
As of 2026-08-27, the correlation of weekly returns between ARE and CUZ is 0.59 over 3 years, 0.51 over 1 year and 0.63 over 5 years.
Is CUZ a good diversifier for ARE?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
A reading of 0.59 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/are-vs-cuz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/are-vs-cuz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARE correlations · CUZ correlations
