BFS vs UMH: Correlation
Measured on weekly returns over the past three years, Saul Centers, Inc. (BFS) and UMH Properties, Inc. (UMH) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFS and UMH?
Over the past 3 years, BFS and UMH moved with a correlation of 0.65, which is strong. Recent behaviour matches the longer record: 0.61 over 1 year against 0.65 over 3. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 280.1 %².
Among the 17 assets we track against BFS, UMH ranks #6 by 3-year correlation. The trailing year gives UMH the advantage: +5.7% versus +11.0%, a 5.3-point spread.
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 UMH: side by side
| BFS (Saul Centers, Inc.) | UMH (UMH Properties, Inc.) | |
|---|---|---|
| 1-year return | +5.7% | +11.0% |
| 5-year return | -2.0% | -11.7% |
| Volatility (ann.) | 20.9% | 20.7% |
| Beta vs S&P 500 | 0.41 | 0.45 |
| Max drawdown (3Y) | -24.1% | -27.3% |
| Market cap | $1.2B | $1.4B |
| P/E (trailing) | 34.8 | 137.5 |
| Dividend yield | 7.01% | 5.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BFS | UMH |
|---|---|---|
| 2022 | -19.4% | -38.7% |
| 2023 | +2.6% | +0.2% |
| 2024 | +5.0% | +29.6% |
| 2025 | -12.8% | -11.0% |
| 2026 | +11.8% | +8.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFS and UMH good diversifiers for each other?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BFS and UMH?
The BFS/UMH correlation stands at 0.65 on a 3-year window (1 year: 0.61, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is UMH a good diversifier for BFS?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 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/bfs-vs-umh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bfs-vs-umh/)
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Related comparisons
Hubs: BFS correlations · UMH correlations
