CPT vs REG: Correlation
Camden Property Trust (CPT) and Regency Centers (REG) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPT and REG?
Across a 3-year window, the weekly returns of CPT and REG correlate at 0.66, strong. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. Stretching to 5 years gives 0.67, with an annualized covariance of 250.7 %².
Among the 33 assets we track against CPT, REG ranks #14 by 3-year correlation. On 12-month performance REG holds a 8.8-point edge, -0.4% against +8.4%. Across three years, the rolling one-year figure varied moderately, from 0.54 to 0.79.
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.
CPT vs REG: side by side
| CPT (Camden Property Trust) | REG (Regency Centers) | |
|---|---|---|
| 1-year return | -0.4% | +8.4% |
| 5-year return | -15.4% | +35.2% |
| Volatility (ann.) | 21.3% | 17.8% |
| Beta vs S&P 500 | 0.55 | 0.34 |
| Max drawdown (3Y) | -21.7% | -15.1% |
| Market cap | $12.2B | $14.1B |
| P/E (trailing) | 35.5 | 25.5 |
| Dividend yield | 3.92% | 3.89% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | CPT | REG |
|---|---|---|
| 2022 | -35.6% | -13.6% |
| 2023 | -7.6% | +11.9% |
| 2024 | +21.3% | +14.9% |
| 2025 | -1.5% | -2.8% |
| 2026 | -2.0% | +11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPT and REG good diversifiers for each other?
To a limited degree. At 0.66 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 CPT and REG?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.64 over the last year and 0.67 over 5 years.
Is REG a good diversifier for CPT?
To a limited degree. At 0.66 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 0.66 mean?
On the −1 to +1 scale, 0.66 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/cpt-vs-reg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cpt-vs-reg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPT correlations · REG correlations
