CCI vs VICI: Correlation
Crown Castle (CCI) and Vici Properties (VICI) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCI and VICI?
Over the past 3 years, CCI and VICI moved with a correlation of 0.60, which is strong. The link has loosened recently: the 1-year correlation (0.47) runs below the 3-year figure (0.60). Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 304.4 %².
Among the 30 assets we track against CCI, VICI ranks #8 by 3-year correlation. Their 12-month results are close: -21.5% for CCI against -18.7% for VICI. Across three years, the rolling one-year figure varied moderately, from 0.37 to 0.76. Note the risk asymmetry: CCI 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.
CCI vs VICI: side by side
| CCI (Crown Castle) | VICI (Vici Properties) | |
|---|---|---|
| 1-year return | -21.5% | -18.7% |
| 5-year return | -50.4% | +9.9% |
| Volatility (ann.) | 28.4% | 18.0% |
| Beta vs S&P 500 | 0.22 | 0.35 |
| Max drawdown (3Y) | -33.0% | -19.1% |
| Market cap | $32.8B | $28.4B |
| P/E (trailing) | 30.9 | 10.1 |
| Dividend yield | 5.63% | 6.92% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | CCI | VICI |
|---|---|---|
| 2022 | -32.6% | +13.0% |
| 2023 | -10.2% | +3.6% |
| 2024 | -16.4% | -3.1% |
| 2025 | +3.0% | +1.9% |
| 2026 | -13.5% | -5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCI and VICI good diversifiers for each other?
Only partially. A correlation of 0.60 means CCI and VICI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CCI and VICI?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.47 over the last year and 0.54 over 5 years.
Is VICI a good diversifier for CCI?
Only partially. A correlation of 0.60 means CCI and VICI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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/cci-vs-vici.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cci-vs-vici/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCI correlations · VICI correlations
