BRX vs KIM: Correlation
Brixmor Property Group Inc. (BRX) and Kimco Realty (KIM) show a very strong relationship: their 3-year correlation of weekly returns is 0.87.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRX and KIM?
On 3 years of weekly data the BRX/KIM correlation comes out at 0.87, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.92 lands near the 3-year figure. The 5-year figure is 0.91, and annualized covariance runs at 411.4 %².
In BRX's tracked universe of 25 assets, KIM sits right near the top at #1. Neither side won the trailing year by much: +8.4% against +11.4%.
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.
BRX vs KIM: side by side
| BRX (Brixmor Property Group Inc.) | KIM (Kimco Realty) | |
|---|---|---|
| 1-year return | +8.4% | +11.4% |
| 5-year return | +55.9% | +35.9% |
| Volatility (ann.) | 20.7% | 22.9% |
| Beta vs S&P 500 | 0.56 | 0.63 |
| Max drawdown (3Y) | -22.4% | -25.9% |
| Market cap | $8.9B | $16.0B |
| P/E (trailing) | 20.9 | 28.0 |
| Dividend yield | 4.12% | 4.29% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | BRX | KIM |
|---|---|---|
| 2022 | -6.8% | -10.8% |
| 2023 | +7.7% | +6.1% |
| 2024 | +25.2% | +15.0% |
| 2025 | -1.7% | -9.3% |
| 2026 | +14.7% | +20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRX and KIM good diversifiers for each other?
No: a correlation of 0.87 means BRX and KIM tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BRX and KIM?
Using weekly returns as of 2026-08-27: 0.87 over 3 years, with 0.92 over the last year and 0.91 over 5 years.
Is KIM a good diversifier for BRX?
No: a correlation of 0.87 means BRX and KIM tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.87 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/brx-vs-kim.json
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Related comparisons
Hubs: BRX correlations · KIM correlations
