BATRA vs VNQ: Correlation
Atlanta Braves Holdings, Inc. - Series A (BATRA) and Vanguard Real Estate ETF (VNQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATRA and VNQ?
Over the past 3 years, BATRA and VNQ moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 149.3 %².
Few assets follow BATRA as closely as VNQ, which ranks #3 of 12 tracked partners. Over the last 12 months BATRA came out ahead by 7.6 percentage points (+17.9% against +10.3%).
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.
BATRA vs VNQ: side by side
| BATRA (Atlanta Braves Holdings, Inc. - Series A) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | +17.9% | +10.3% |
| 5-year return | +113.7% | +9.5% |
| Volatility (ann.) | 18.8% | 16.6% |
| Beta vs S&P 500 | 0.46 | 0.59 |
| Max drawdown (3Y) | -16.6% | -17.5% |
| Market cap | $3.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | US Listed | ETF · Real Estate |
VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | BATRA | VNQ |
|---|---|---|
| 2022 | +13.6% | -26.3% |
| 2023 | +30.9% | +11.9% |
| 2024 | -4.6% | +4.8% |
| 2025 | +4.1% | +3.2% |
| 2026 | +31.2% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATRA and VNQ good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BATRA and VNQ?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.48 over the last year and 0.42 over 5 years.
Is VNQ a good diversifier for BATRA?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 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/batra-vs-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/batra-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BATRA correlations · VNQ correlations
