DEI vs SLG: Correlation
Douglas Emmett, Inc. (DEI) and SL Green Realty Corp (SLG) show a strong relationship: their 3-year correlation of weekly returns is 0.79.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEI and SLG?
On 3 years of weekly data the DEI/SLG correlation comes out at 0.79, strong. The link has loosened recently: the 1-year correlation (0.65) runs below the 3-year figure (0.79). The 5-year figure is 0.81, and annualized covariance runs at 1165.8 %².
Within DEI's tracked universe of 24 assets, SLG comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SLG ahead by 27.8 points (-21.1% versus +6.7%).
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 SLG: side by side
| DEI (Douglas Emmett, Inc.) | SLG (SL Green Realty Corp) | |
|---|---|---|
| 1-year return | -21.1% | +6.7% |
| 5-year return | -52.6% | +15.1% |
| Volatility (ann.) | 35.7% | 41.1% |
| Beta vs S&P 500 | 0.99 | 1.33 |
| Max drawdown (3Y) | -51.8% | -53.9% |
| Market cap | $2.4B | $4.4B |
| P/E (trailing) | – | – |
| Dividend yield | 6.35% | 5.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DEI | SLG |
|---|---|---|
| 2022 | -50.9% | -50.9% |
| 2023 | -1.9% | +48.8% |
| 2024 | +34.6% | +58.3% |
| 2025 | -37.5% | -29.0% |
| 2026 | +12.1% | +29.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEI and SLG good diversifiers for each other?
Only partially. A correlation of 0.79 means DEI and SLG 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 SLG?
As of 2026-08-27, the correlation of weekly returns between DEI and SLG is 0.79 over 3 years, 0.65 over 1 year and 0.81 over 5 years.
Is SLG a good diversifier for DEI?
Only partially. A correlation of 0.79 means DEI and SLG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.79 mean?
On the −1 to +1 scale, 0.79 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dei-vs-slg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dei-vs-slg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DEI correlations · SLG correlations
