BURL vs KRG: Correlation
Burlington Stores, Inc. (BURL) and Kite Realty Group Trust (KRG) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BURL and KRG?
Across a 3-year window, the weekly returns of BURL and KRG correlate at 0.45, moderate. The past 12 months show a weaker link (0.33) than the 3-year average (0.45). Stretching to 5 years gives 0.41, with an annualized covariance of 374.4 %².
Within BURL's tracked universe of 14 assets, KRG comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KRG outperformed by 17.2 percentage points (+3.5% for BURL against +20.7% for KRG). Note the risk asymmetry: BURL runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BURL vs KRG: side by side
| BURL (Burlington Stores, Inc.) | KRG (Kite Realty Group Trust) | |
|---|---|---|
| 1-year return | +3.5% | +20.7% |
| 5-year return | -3.9% | +61.5% |
| Volatility (ann.) | 38.7% | 21.6% |
| Beta vs S&P 500 | 0.87 | 0.58 |
| Max drawdown (3Y) | -28.4% | -29.1% |
| Market cap | $18.3B | $5.3B |
| P/E (trailing) | 32.3 | 16.5 |
| Dividend yield | 0.00% | 4.34% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BURL | KRG |
|---|---|---|
| 2022 | -30.4% | +0.8% |
| 2023 | -4.1% | +13.6% |
| 2024 | +46.6% | +15.5% |
| 2025 | +1.3% | -0.2% |
| 2026 | +0.4% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BURL and KRG good diversifiers for each other?
Reasonably. At 0.45, BURL and KRG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BURL and KRG?
The BURL/KRG correlation stands at 0.45 on a 3-year window (1 year: 0.33, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is KRG a good diversifier for BURL?
Reasonably. At 0.45, BURL and KRG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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.
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Hubs: BURL correlations · KRG correlations
