ARE vs UK: Correlation
Measured on weekly returns over the past three years, Alexandria Real Estate Equities (ARE) and Ucommune International Ltd - Class A (UK) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARE and UK?
On 3 years of weekly data the ARE/UK correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.30) than the 3-year average (-0.17). The 5-year figure is -0.07, and annualized covariance runs at -428.4 %².
Among the 34 assets we track against ARE, UK sits near the bottom by co-movement, at rank #30. The last year tells two different stories: ARE led by 47.9 percentage points, -32.1% for ARE against -80.0% for UK. One caveat on sizing: UK is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 UK: side by side
| ARE (Alexandria Real Estate Equities) | UK (Ucommune International Ltd - Class A) | |
|---|---|---|
| 1-year return | -32.1% | -80.0% |
| 5-year return | -68.3% | -99.9% |
| Volatility (ann.) | 38.3% | 67.7% |
| Beta vs S&P 500 | 0.91 | 0.52 |
| Max drawdown (3Y) | -65.6% | -96.4% |
| Market cap | $9.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 6.57% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | ARE | UK |
|---|---|---|
| 2022 | -32.6% | -89.3% |
| 2023 | -9.1% | -79.1% |
| 2024 | -19.4% | -68.3% |
| 2025 | -46.6% | -46.4% |
| 2026 | +9.9% | -67.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARE and UK good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between ARE and UK?
The ARE/UK correlation stands at -0.17 on a 3-year window (1 year: -0.30, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is UK a good diversifier for ARE?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/are-vs-uk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/are-vs-uk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARE correlations · UK correlations
