BRT vs MLP: Correlation
How closely do BRT Apartments Corp. (MD) (BRT) and Maui Land & Pineapple Company, Inc. (MLP) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRT and MLP?
Across a 3-year window, the weekly returns of BRT and MLP correlate at 0.51, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.51). Stretching to 5 years gives 0.35, with an annualized covariance of 479.6 %².
Within BRT's tracked universe of 14 assets, MLP comes in at #7 by 3-year correlation. Neither side won the trailing year by much: -3.2% against -8.2%. Risk is not evenly split, since MLP carries 1.7 times the volatility of the other side.
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.
BRT vs MLP: side by side
| BRT (BRT Apartments Corp. (MD)) | MLP (Maui Land & Pineapple Company, Inc.) | |
|---|---|---|
| 1-year return | -3.2% | -8.2% |
| 5-year return | -1.1% | +43.7% |
| Volatility (ann.) | 24.0% | 39.6% |
| Beta vs S&P 500 | 0.68 | 1.03 |
| Max drawdown (3Y) | -27.6% | -45.5% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 5.48% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRT | MLP |
|---|---|---|
| 2022 | -14.4% | -5.4% |
| 2023 | -0.0% | +68.7% |
| 2024 | +2.7% | +38.3% |
| 2025 | -13.3% | -22.9% |
| 2026 | +1.1% | -6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRT and MLP good diversifiers for each other?
To a limited degree. At 0.51 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 BRT and MLP?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.63 over the last year and 0.35 over 5 years.
Is MLP a good diversifier for BRT?
To a limited degree. At 0.51 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 0.51 mean?
On the −1 to +1 scale, 0.51 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/brt-vs-mlp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/brt-vs-mlp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRT correlations · MLP correlations
