CTO vs KRG: Correlation
How closely do CTO Realty Growth, Inc. (CTO) and Kite Realty Group Trust (KRG) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTO and KRG?
Across a 3-year window, the weekly returns of CTO and KRG correlate at 0.67, strong. The relationship has been stable: the 1-year correlation (0.73) sits close to the 3-year figure. Stretching to 5 years gives 0.68, with an annualized covariance of 260.0 %².
In CTO's tracked universe of 12 assets, KRG sits right near the top at #1. The last year tells two different stories: CTO led by 15.1 percentage points, +35.8% for CTO against +20.7% for KRG.
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.
CTO vs KRG: side by side
| CTO (CTO Realty Growth, Inc.) | KRG (Kite Realty Group Trust) | |
|---|---|---|
| 1-year return | +35.8% | +20.7% |
| 5-year return | +74.0% | +61.5% |
| Volatility (ann.) | 18.0% | 21.6% |
| Beta vs S&P 500 | 0.39 | 0.58 |
| Max drawdown (3Y) | -21.4% | -29.1% |
| Market cap | $0.8B | $5.3B |
| P/E (trailing) | 15.8 | 16.5 |
| Dividend yield | 7.00% | 4.34% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTO | KRG |
|---|---|---|
| 2022 | -4.0% | +0.8% |
| 2023 | +3.7% | +13.6% |
| 2024 | +23.6% | +15.5% |
| 2025 | +1.6% | -0.2% |
| 2026 | +21.0% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTO and KRG good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CTO and KRG?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.73 over the last year and 0.68 over 5 years.
Is KRG a good diversifier for CTO?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
A reading of 0.67 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cto-vs-krg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cto-vs-krg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CTO correlations · KRG correlations
