BRX vs UE: Correlation
Brixmor Property Group Inc. (BRX) and Urban Edge Properties (UE) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRX and UE?
Over the past 3 years, BRX and UE moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.81 over 1 year against 0.85 over 3. Over 5 years the correlation is 0.85, and the annualized covariance of weekly returns is 407.8 %².
In BRX's tracked universe of 25 assets, UE sits right near the top at #2. Neither side won the trailing year by much: +8.4% against +6.9%.
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 UE: side by side
| BRX (Brixmor Property Group Inc.) | UE (Urban Edge Properties) | |
|---|---|---|
| 1-year return | +8.4% | +6.9% |
| 5-year return | +55.9% | +37.5% |
| Volatility (ann.) | 20.7% | 23.3% |
| Beta vs S&P 500 | 0.56 | 0.70 |
| Max drawdown (3Y) | -22.4% | -29.7% |
| Market cap | $8.9B | $2.9B |
| P/E (trailing) | 20.9 | 40.2 |
| Dividend yield | 4.12% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRX | UE |
|---|---|---|
| 2022 | -6.8% | -22.8% |
| 2023 | +7.7% | +35.3% |
| 2024 | +25.2% | +21.7% |
| 2025 | -1.7% | -7.2% |
| 2026 | +14.7% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRX and UE good diversifiers for each other?
No: a correlation of 0.85 means BRX and UE tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BRX and UE?
Using weekly returns as of 2026-08-27: 0.85 over 3 years, with 0.81 over the last year and 0.85 over 5 years.
Is UE a good diversifier for BRX?
No: a correlation of 0.85 means BRX and UE tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 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-ue.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brx-vs-ue/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRX correlations · UE correlations
