DRI vs FRT: Correlation
How closely do Darden Restaurants (DRI) and Federal Realty Investment Trust (FRT) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRI and FRT?
Over the past 3 years, DRI and FRT moved with a correlation of 0.43, which is moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.43 over 3. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 209.6 %².
By 3-year correlation, FRT places #10 of the 34 assets tracked against DRI. The last year tells two different stories: FRT led by 16.0 percentage points, +5.6% for DRI against +21.6% for FRT. The relationship is regime-dependent: the rolling one-year correlation swung between 0.17 and 0.68 over the past three years, so this pair behaves very differently depending on the market environment.
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.
DRI vs FRT: side by side
| DRI (Darden Restaurants) | FRT (Federal Realty Investment Trust) | |
|---|---|---|
| 1-year return | +5.6% | +21.6% |
| 5-year return | +66.1% | +18.8% |
| Volatility (ann.) | 25.2% | 19.5% |
| Beta vs S&P 500 | 0.52 | 0.53 |
| Max drawdown (3Y) | -23.9% | -27.4% |
| Market cap | $24.0B | $10.2B |
| P/E (trailing) | 21.0 | 23.6 |
| Dividend yield | 2.74% | 3.84% |
| Sector / category | Consumer Discretionary | Real Estate |
Year-by-year returns
| Year | DRI | FRT |
|---|---|---|
| 2022 | -4.8% | -22.7% |
| 2023 | +22.8% | +6.6% |
| 2024 | +17.7% | +12.1% |
| 2025 | +1.6% | -5.9% |
| 2026 | +17.4% | +19.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRI and FRT good diversifiers for each other?
Reasonably. At 0.43, DRI and FRT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DRI and FRT?
As of 2026-08-27, the correlation of weekly returns between DRI and FRT is 0.43 over 3 years, 0.39 over 1 year and 0.48 over 5 years.
Is FRT a good diversifier for DRI?
Reasonably. At 0.43, DRI and FRT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/dri-vs-frt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dri-vs-frt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DRI correlations · FRT correlations
