BRX vs SKT: Correlation
How closely do Brixmor Property Group Inc. (BRX) and Tanger Inc. (SKT) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRX and SKT?
Across a 3-year window, the weekly returns of BRX and SKT correlate at 0.71, strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. Stretching to 5 years gives 0.71, with an annualized covariance of 343.4 %².
Within BRX's tracked universe of 25 assets, SKT comes in at #12 by 3-year correlation. On 12-month performance SKT holds a 6.5-point edge, +8.4% against +14.9%.
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.
BRX vs SKT: side by side
| BRX (Brixmor Property Group Inc.) | SKT (Tanger Inc.) | |
|---|---|---|
| 1-year return | +8.4% | +14.9% |
| 5-year return | +55.9% | +178.9% |
| Volatility (ann.) | 20.7% | 23.6% |
| Beta vs S&P 500 | 0.56 | 0.60 |
| Max drawdown (3Y) | -22.4% | -21.0% |
| Market cap | $8.9B | $4.5B |
| P/E (trailing) | 20.9 | 34.6 |
| Dividend yield | 4.12% | 3.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRX | SKT |
|---|---|---|
| 2022 | -6.8% | -2.3% |
| 2023 | +7.7% | +62.1% |
| 2024 | +25.2% | +27.7% |
| 2025 | -1.7% | +1.4% |
| 2026 | +14.7% | +15.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRX and SKT good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BRX and SKT?
As of 2026-08-27, the correlation of weekly returns between BRX and SKT is 0.71 over 3 years, 0.70 over 1 year and 0.71 over 5 years.
Is SKT a good diversifier for BRX?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 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/brx-vs-skt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brx-vs-skt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BRX correlations · SKT correlations
