CCI vs GTY: Correlation
Crown Castle (CCI) and Getty Realty Corporation (GTY) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCI and GTY?
Over the past 3 years, CCI and GTY moved with a correlation of 0.55, which is moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 294.7 %².
Among the 30 assets we track against CCI, GTY ranks #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GTY outperformed by 44.7 percentage points (-21.5% for CCI against +23.2% for GTY). One caveat on sizing: CCI is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CCI vs GTY: side by side
| CCI (Crown Castle) | GTY (Getty Realty Corporation) | |
|---|---|---|
| 1-year return | -21.5% | +23.2% |
| 5-year return | -50.4% | +40.7% |
| Volatility (ann.) | 28.4% | 18.8% |
| Beta vs S&P 500 | 0.22 | 0.13 |
| Max drawdown (3Y) | -33.0% | -17.9% |
| Market cap | $32.8B | $2.0B |
| P/E (trailing) | 30.9 | 20.2 |
| Dividend yield | 5.63% | 5.79% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CCI | GTY |
|---|---|---|
| 2022 | -32.6% | +11.7% |
| 2023 | -10.2% | -8.8% |
| 2024 | -16.4% | +9.9% |
| 2025 | +3.0% | -2.9% |
| 2026 | -13.5% | +24.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCI and GTY good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CCI and GTY?
The CCI/GTY correlation stands at 0.55 on a 3-year window (1 year: 0.48, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is GTY a good diversifier for CCI?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 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/cci-vs-gty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cci-vs-gty/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CCI correlations · GTY correlations
