CTO vs PINE: Correlation
How closely do CTO Realty Growth, Inc. (CTO) and Alpine Income Property Trust, Inc. (PINE) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTO and PINE?
On 3 years of weekly data the CTO/PINE correlation comes out at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 244.9 %².
Within CTO's tracked universe of 12 assets, PINE comes in at #6 by 3-year correlation. Twelve-month performance is nearly a tie, at +35.8% for CTO and +37.9% for PINE.
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 PINE: side by side
| CTO (CTO Realty Growth, Inc.) | PINE (Alpine Income Property Trust, Inc.) | |
|---|---|---|
| 1-year return | +35.8% | +37.9% |
| 5-year return | +74.0% | +43.8% |
| Volatility (ann.) | 18.0% | 23.9% |
| Beta vs S&P 500 | 0.39 | 0.19 |
| Max drawdown (3Y) | -21.4% | -24.8% |
| Market cap | $0.8B | $0.4B |
| P/E (trailing) | 15.8 | 93.5 |
| Dividend yield | 7.00% | 5.94% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTO | PINE |
|---|---|---|
| 2022 | -4.0% | +0.9% |
| 2023 | +3.7% | -5.5% |
| 2024 | +23.6% | +6.1% |
| 2025 | +1.6% | +7.0% |
| 2026 | +21.0% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTO and PINE good diversifiers for each other?
Only partially. A correlation of 0.57 means CTO and PINE 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 CTO and PINE?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.64 over the last year and 0.60 over 5 years.
Is PINE a good diversifier for CTO?
Only partially. A correlation of 0.57 means CTO and PINE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 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/cto-vs-pine.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cto-vs-pine/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTO correlations · PINE correlations
