DEI vs VNO: Correlation
Measured on weekly returns over the past three years, Douglas Emmett, Inc. (DEI) and Vornado Realty Trust (VNO) carry a correlation of 0.81, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEI and VNO?
Over the past 3 years, DEI and VNO moved with a correlation of 0.81, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. Over 5 years the correlation is 0.84, and the annualized covariance of weekly returns is 1136.7 %².
VNO is one of the assets that tracks DEI most closely: it ranks #2 out of the 24 assets we track against DEI. Correlation aside, the last 12 months split them widely, with VNO ahead by 26.2 points (-21.1% versus +5.1%).
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 VNO: side by side
| DEI (Douglas Emmett, Inc.) | VNO (Vornado Realty Trust) | |
|---|---|---|
| 1-year return | -21.1% | +5.1% |
| 5-year return | -52.6% | +8.4% |
| Volatility (ann.) | 35.7% | 39.1% |
| Beta vs S&P 500 | 0.99 | 1.34 |
| Max drawdown (3Y) | -51.8% | -43.9% |
| Market cap | $2.4B | $7.7B |
| P/E (trailing) | – | 1290.7 |
| Dividend yield | 6.35% | 1.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DEI | VNO |
|---|---|---|
| 2022 | -50.9% | -46.7% |
| 2023 | -1.9% | +39.5% |
| 2024 | +34.6% | +51.3% |
| 2025 | -37.5% | -19.1% |
| 2026 | +12.1% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEI and VNO good diversifiers for each other?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between DEI and VNO?
The DEI/VNO correlation stands at 0.81 on a 3-year window (1 year: 0.73, 5 years: 0.84), computed from weekly returns as of 2026-08-27.
Is VNO a good diversifier for DEI?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.81 mean?
A reading of 0.81 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-vno.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dei-vs-vno/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DEI correlations · VNO correlations
