DEA vs PDM: Correlation
Easterly Government Properties, Inc. (DEA) and Piedmont Realty Trust, Inc. (PDM) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEA and PDM?
On 3 years of weekly data the DEA/PDM correlation comes out at 0.71, strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 652.5 %².
Few assets follow DEA as closely as PDM, which ranks #1 of 15 tracked partners. Neither side won the trailing year by much: +15.2% against +16.0%.
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 PDM: side by side
| DEA (Easterly Government Properties, Inc.) | PDM (Piedmont Realty Trust, Inc.) | |
|---|---|---|
| 1-year return | +15.2% | +16.0% |
| 5-year return | -33.0% | -29.9% |
| Volatility (ann.) | 25.9% | 35.3% |
| Beta vs S&P 500 | 0.47 | 0.95 |
| Max drawdown (3Y) | -42.2% | -46.4% |
| Market cap | $1.2B | $1.2B |
| P/E (trailing) | 129.4 | – |
| Dividend yield | 7.27% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DEA | PDM |
|---|---|---|
| 2022 | -34.0% | -46.8% |
| 2023 | +1.8% | -14.8% |
| 2024 | -7.9% | +37.2% |
| 2025 | -18.6% | -7.3% |
| 2026 | +22.8% | +16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEA and PDM good diversifiers for each other?
Only partially. A correlation of 0.71 means DEA and PDM 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 DEA and PDM?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.69 over the last year and 0.72 over 5 years.
Is PDM a good diversifier for DEA?
Only partially. A correlation of 0.71 means DEA and PDM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
A reading of 0.71 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-pdm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dea-vs-pdm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DEA correlations · PDM correlations
