DEI vs JBGS: Correlation
How closely do Douglas Emmett, Inc. (DEI) and JBG SMITH Properties (JBGS) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEI and JBGS?
On 3 years of weekly data the DEI/JBGS correlation comes out at 0.66, strong. The link has loosened recently: the 1-year correlation (0.54) runs below the 3-year figure (0.66). The 5-year figure is 0.70, and annualized covariance runs at 787.4 %².
Within DEI's tracked universe of 24 assets, JBGS comes in at #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DEI outperformed by 19.3 percentage points (-21.1% for DEI against -40.4% for JBGS).
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.
DEI vs JBGS: side by side
| DEI (Douglas Emmett, Inc.) | JBGS (JBG SMITH Properties) | |
|---|---|---|
| 1-year return | -21.1% | -40.4% |
| 5-year return | -52.6% | -49.3% |
| Volatility (ann.) | 35.7% | 33.7% |
| Beta vs S&P 500 | 0.99 | 0.68 |
| Max drawdown (3Y) | -51.8% | -52.2% |
| Market cap | $2.4B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 6.35% | 5.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DEI | JBGS |
|---|---|---|
| 2022 | -50.9% | -31.0% |
| 2023 | -1.9% | -6.1% |
| 2024 | +34.6% | -4.5% |
| 2025 | -37.5% | +15.2% |
| 2026 | +12.1% | -26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEI and JBGS good diversifiers for each other?
Only partially. A correlation of 0.66 means DEI and JBGS 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 DEI and JBGS?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.54 over the last year and 0.70 over 5 years.
Is JBGS a good diversifier for DEI?
Only partially. A correlation of 0.66 means DEI and JBGS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
A reading of 0.66 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/dei-vs-jbgs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dei-vs-jbgs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DEI correlations · JBGS correlations
