BRX vs VNQ: Correlation
Brixmor Property Group Inc. (BRX) and Vanguard Real Estate ETF (VNQ) show a very strong relationship: their 3-year correlation of weekly returns is 0.81.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRX and VNQ?
On 3 years of weekly data the BRX/VNQ correlation comes out at 0.81, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.82 over 1 year against 0.81 over 3. The 5-year figure is 0.79, and annualized covariance runs at 276.9 %².
Within BRX's tracked universe of 25 assets, VNQ comes in at #5 by 3-year correlation. Twelve-month performance is nearly a tie, at +8.4% for BRX and +10.3% for VNQ.
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 VNQ: side by side
| BRX (Brixmor Property Group Inc.) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | +8.4% | +10.3% |
| 5-year return | +55.9% | +9.5% |
| Volatility (ann.) | 20.7% | 16.6% |
| Beta vs S&P 500 | 0.56 | 0.59 |
| Max drawdown (3Y) | -22.4% | -17.5% |
| Market cap | $8.9B | – |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 4.12% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | US Listed | ETF · Real Estate |
VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | BRX | VNQ |
|---|---|---|
| 2022 | -6.8% | -26.3% |
| 2023 | +7.7% | +11.9% |
| 2024 | +25.2% | +4.8% |
| 2025 | -1.7% | +3.2% |
| 2026 | +14.7% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
BRX represents 0.48% of VNQ's portfolio, so part of any move in VNQ is BRX itself, and the correlation between them is partly mechanical.
Are BRX and VNQ good diversifiers for each other?
No: a correlation of 0.81 means BRX and VNQ tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BRX and VNQ?
The BRX/VNQ correlation stands at 0.81 on a 3-year window (1 year: 0.82, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is VNQ a good diversifier for BRX?
No: a correlation of 0.81 means BRX and VNQ tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.81 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-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brx-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BRX correlations · VNQ correlations
