BRX vs SPG: Correlation
Brixmor Property Group Inc. (BRX) and Simon Property Group (SPG) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRX and SPG?
Across a 3-year window, the weekly returns of BRX and SPG correlate at 0.75, strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. Stretching to 5 years gives 0.79, with an annualized covariance of 354.1 %².
Within BRX's tracked universe of 25 assets, SPG comes in at #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPG ahead by 17.9 points (+8.4% versus +26.3%).
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 SPG: side by side
| BRX (Brixmor Property Group Inc.) | SPG (Simon Property Group) | |
|---|---|---|
| 1-year return | +8.4% | +26.3% |
| 5-year return | +55.9% | +110.2% |
| Volatility (ann.) | 20.7% | 22.7% |
| Beta vs S&P 500 | 0.56 | 0.79 |
| Max drawdown (3Y) | -22.4% | -24.3% |
| Market cap | $8.9B | $81.6B |
| P/E (trailing) | 20.9 | 15.2 |
| Dividend yield | 4.12% | 4.05% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | BRX | SPG |
|---|---|---|
| 2022 | -6.8% | -21.9% |
| 2023 | +7.7% | +29.2% |
| 2024 | +25.2% | +26.9% |
| 2025 | -1.7% | +12.9% |
| 2026 | +14.7% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRX and SPG good diversifiers for each other?
To a limited degree. At 0.75 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 BRX and SPG?
The BRX/SPG correlation stands at 0.75 on a 3-year window (1 year: 0.70, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is SPG a good diversifier for BRX?
To a limited degree. At 0.75 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 0.75 mean?
On the −1 to +1 scale, 0.75 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-spg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brx-vs-spg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRX correlations · SPG correlations
