BFS vs UE: Correlation
How closely do Saul Centers, Inc. (BFS) and Urban Edge Properties (UE) 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 UE?
Across a 3-year window, the weekly returns of BFS and UE correlate at 0.73, strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. Stretching to 5 years gives 0.73, with an annualized covariance of 357.2 %².
Among the 17 assets we track against BFS, UE ranks #5 by 3-year correlation. Neither side won the trailing year by much: +5.7% against +6.9%.
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 UE: side by side
| BFS (Saul Centers, Inc.) | UE (Urban Edge Properties) | |
|---|---|---|
| 1-year return | +5.7% | +6.9% |
| 5-year return | -2.0% | +37.5% |
| Volatility (ann.) | 20.9% | 23.3% |
| Beta vs S&P 500 | 0.41 | 0.70 |
| Max drawdown (3Y) | -24.1% | -29.7% |
| Market cap | $1.2B | $2.9B |
| P/E (trailing) | 34.8 | 40.2 |
| Dividend yield | 7.01% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BFS | UE |
|---|---|---|
| 2022 | -19.4% | -22.8% |
| 2023 | +2.6% | +35.3% |
| 2024 | +5.0% | +21.7% |
| 2025 | -12.8% | -7.2% |
| 2026 | +11.8% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFS and UE 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 UE?
As of 2026-08-27, the correlation of weekly returns between BFS and UE is 0.73 over 3 years, 0.70 over 1 year and 0.73 over 5 years.
Is UE 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
$ curl https://www.pairbook.io/api/v1/pairs/bfs-vs-ue.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bfs-vs-ue/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BFS correlations · UE correlations
