DEA vs ILPT: Correlation
How closely do Easterly Government Properties, Inc. (DEA) and Industrial Logistics Properties Trust (ILPT) 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 DEA and ILPT?
Across a 3-year window, the weekly returns of DEA and ILPT correlate at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 873.0 %².
Within DEA's tracked universe of 15 assets, ILPT comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ILPT outperformed by 28.2 percentage points (+15.2% for DEA against +43.4% for ILPT). Note the risk asymmetry: ILPT runs 2.3 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.
DEA vs ILPT: side by side
| DEA (Easterly Government Properties, Inc.) | ILPT (Industrial Logistics Properties Trust) | |
|---|---|---|
| 1-year return | +15.2% | +43.4% |
| 5-year return | -33.0% | -65.6% |
| Volatility (ann.) | 25.9% | 59.0% |
| Beta vs S&P 500 | 0.47 | 1.10 |
| Max drawdown (3Y) | -42.2% | -51.1% |
| Market cap | $1.2B | $0.6B |
| P/E (trailing) | 129.4 | – |
| Dividend yield | 7.27% | 2.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DEA | ILPT |
|---|---|---|
| 2022 | -34.0% | -86.5% |
| 2023 | +1.8% | +45.8% |
| 2024 | -7.9% | -21.6% |
| 2025 | -18.6% | +55.5% |
| 2026 | +22.8% | +54.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEA and ILPT good diversifiers for each other?
To a limited degree. At 0.57 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 DEA and ILPT?
As of 2026-08-27, the correlation of weekly returns between DEA and ILPT is 0.57 over 3 years, 0.56 over 1 year and 0.50 over 5 years.
Is ILPT a good diversifier for DEA?
To a limited degree. At 0.57 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 0.57 mean?
A reading of 0.57 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/dea-vs-ilpt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dea-vs-ilpt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DEA correlations · ILPT correlations
