BFS vs RMR: Correlation
How closely do Saul Centers, Inc. (BFS) and The RMR Group Inc. (RMR) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFS and RMR?
Across a 3-year window, the weekly returns of BFS and RMR correlate at 0.63, strong. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 362.7 %².
By 3-year correlation, RMR places #7 of the 17 assets tracked against BFS. Their recent paths diverged sharply: over the last 12 months RMR outperformed by 23.7 percentage points (+5.7% for BFS against +29.4% for RMR).
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 RMR: side by side
| BFS (Saul Centers, Inc.) | RMR (The RMR Group Inc.) | |
|---|---|---|
| 1-year return | +5.7% | +29.4% |
| 5-year return | -2.0% | -25.0% |
| Volatility (ann.) | 20.9% | 27.3% |
| Beta vs S&P 500 | 0.41 | 0.70 |
| Max drawdown (3Y) | -24.1% | -45.0% |
| Market cap | $1.2B | $0.3B |
| P/E (trailing) | 34.8 | 16.9 |
| Dividend yield | 7.01% | 9.23% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BFS | RMR |
|---|---|---|
| 2022 | -19.4% | -13.9% |
| 2023 | +2.6% | +6.5% |
| 2024 | +5.0% | -21.5% |
| 2025 | -12.8% | -19.4% |
| 2026 | +11.8% | +41.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFS and RMR good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BFS and RMR?
As of 2026-08-27, the correlation of weekly returns between BFS and RMR is 0.63 over 3 years, 0.61 over 1 year and 0.59 over 5 years.
Is RMR a good diversifier for BFS?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 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/bfs-vs-rmr.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: BFS correlations · RMR correlations
