DLR vs KIM: Correlation
Measured on weekly returns over the past three years, Digital Realty (DLR) and Kimco Realty (KIM) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLR and KIM?
Across a 3-year window, the weekly returns of DLR and KIM correlate at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.28 versus 0.39 over 3 years. Stretching to 5 years gives 0.45, with an annualized covariance of 242.0 %².
By 3-year correlation, KIM places #16 of the 30 assets tracked against DLR. Twelve-month performance is nearly a tie, at +16.4% for DLR and +11.4% for KIM. Across three years, the rolling one-year figure varied moderately, from 0.24 to 0.57.
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.
DLR vs KIM: side by side
| DLR (Digital Realty) | KIM (Kimco Realty) | |
|---|---|---|
| 1-year return | +16.4% | +11.4% |
| 5-year return | +40.3% | +35.9% |
| Volatility (ann.) | 27.1% | 22.9% |
| Beta vs S&P 500 | 0.73 | 0.63 |
| Max drawdown (3Y) | -29.4% | -25.9% |
| Market cap | $72.5B | $16.0B |
| P/E (trailing) | 94.2 | 28.0 |
| Dividend yield | 2.52% | 4.29% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | DLR | KIM |
|---|---|---|
| 2022 | -41.0% | -10.8% |
| 2023 | +39.9% | +6.1% |
| 2024 | +35.9% | +15.0% |
| 2025 | -10.1% | -9.3% |
| 2026 | +25.8% | +20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLR and KIM good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DLR and KIM?
The DLR/KIM correlation stands at 0.39 on a 3-year window (1 year: 0.28, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is KIM a good diversifier for DLR?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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
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Related comparisons
Hubs: DLR correlations · KIM correlations
