CBRE vs FRT: Correlation
CBRE Group (CBRE) and Federal Realty Investment Trust (FRT) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBRE and FRT?
On 3 years of weekly data the CBRE/FRT correlation comes out at 0.54, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.54 over 3. The 5-year figure is 0.59, and annualized covariance runs at 322.7 %².
Within CBRE's tracked universe of 41 assets, FRT comes in at #23 by 3-year correlation. The last year tells two different stories: FRT led by 31.3 percentage points, -9.7% for CBRE against +21.6% for FRT. On a rolling one-year basis the correlation drifted between 0.43 and 0.73, a moderate band. Note the risk asymmetry: CBRE runs 1.6 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.
CBRE vs FRT: side by side
| CBRE (CBRE Group) | FRT (Federal Realty Investment Trust) | |
|---|---|---|
| 1-year return | -9.7% | +21.6% |
| 5-year return | +53.3% | +18.8% |
| Volatility (ann.) | 30.4% | 19.5% |
| Beta vs S&P 500 | 1.04 | 0.53 |
| Max drawdown (3Y) | -27.4% | -27.4% |
| Market cap | $42.6B | $10.2B |
| P/E (trailing) | 34.4 | 23.6 |
| Dividend yield | 0.00% | 3.84% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | CBRE | FRT |
|---|---|---|
| 2022 | -29.1% | -22.7% |
| 2023 | +21.0% | +6.6% |
| 2024 | +41.0% | +12.1% |
| 2025 | +22.5% | -5.9% |
| 2026 | -8.4% | +19.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBRE and FRT good diversifiers for each other?
To a limited degree. At 0.54 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 CBRE and FRT?
As of 2026-08-27, the correlation of weekly returns between CBRE and FRT is 0.54 over 3 years, 0.45 over 1 year and 0.59 over 5 years.
Is FRT a good diversifier for CBRE?
To a limited degree. At 0.54 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 0.54 mean?
On the −1 to +1 scale, 0.54 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/cbre-vs-frt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cbre-vs-frt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CBRE correlations · FRT correlations
