BFS vs KRG: Correlation
How closely do Saul Centers, Inc. (BFS) and Kite Realty Group Trust (KRG) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFS and KRG?
Across a 3-year window, the weekly returns of BFS and KRG correlate at 0.73, strong. Recent behaviour matches the longer record: 0.72 over 1 year against 0.73 over 3. Stretching to 5 years gives 0.70, with an annualized covariance of 329.9 %².
By 3-year correlation, KRG places #4 of the 17 assets tracked against BFS. The last year tells two different stories: KRG led by 15.0 percentage points, +5.7% for BFS against +20.7% for KRG.
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.
BFS vs KRG: side by side
| BFS (Saul Centers, Inc.) | KRG (Kite Realty Group Trust) | |
|---|---|---|
| 1-year return | +5.7% | +20.7% |
| 5-year return | -2.0% | +61.5% |
| Volatility (ann.) | 20.9% | 21.6% |
| Beta vs S&P 500 | 0.41 | 0.58 |
| Max drawdown (3Y) | -24.1% | -29.1% |
| Market cap | $1.2B | $5.3B |
| P/E (trailing) | 34.8 | 16.5 |
| Dividend yield | 7.01% | 4.34% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BFS | KRG |
|---|---|---|
| 2022 | -19.4% | +0.8% |
| 2023 | +2.6% | +13.6% |
| 2024 | +5.0% | +15.5% |
| 2025 | -12.8% | -0.2% |
| 2026 | +11.8% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFS and KRG good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BFS and KRG?
As of 2026-08-27, the correlation of weekly returns between BFS and KRG is 0.73 over 3 years, 0.72 over 1 year and 0.70 over 5 years.
Is KRG a good diversifier for BFS?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 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
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Related comparisons
Hubs: BFS correlations · KRG correlations
