EGP vs FR: Correlation
EastGroup Properties, Inc. (EGP) and First Industrial Realty Trust, Inc. (FR) show a very strong relationship: their 3-year correlation of weekly returns is 0.86.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGP and FR?
On 3 years of weekly data the EGP/FR correlation comes out at 0.86, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.85 over 1 year against 0.86 over 3. The 5-year figure is 0.87, and annualized covariance runs at 366.7 %².
Few assets follow EGP as closely as FR, which ranks #1 of 15 tracked partners. Their 12-month results are close: +22.6% for EGP against +23.0% for FR.
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.
EGP vs FR: side by side
| EGP (EastGroup Properties, Inc.) | FR (First Industrial Realty Trust, Inc.) | |
|---|---|---|
| 1-year return | +22.6% | +23.0% |
| 5-year return | +29.6% | +26.5% |
| Volatility (ann.) | 19.2% | 22.2% |
| Beta vs S&P 500 | 0.58 | 0.70 |
| Max drawdown (3Y) | -22.4% | -25.1% |
| Market cap | $10.8B | $8.5B |
| P/E (trailing) | 35.3 | 22.7 |
| Dividend yield | 3.19% | 3.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGP | FR |
|---|---|---|
| 2022 | -33.1% | -25.4% |
| 2023 | +27.7% | +11.9% |
| 2024 | -9.8% | -2.0% |
| 2025 | +14.9% | +18.2% |
| 2026 | +14.1% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGP and FR good diversifiers for each other?
No: a correlation of 0.86 means EGP and FR tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between EGP and FR?
The EGP/FR correlation stands at 0.86 on a 3-year window (1 year: 0.85, 5 years: 0.87), computed from weekly returns as of 2026-08-27.
Is FR a good diversifier for EGP?
No: a correlation of 0.86 means EGP and FR tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.86 mean?
A reading of 0.86 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/egp-vs-fr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/egp-vs-fr/)
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Related comparisons
Hubs: EGP correlations · FR correlations
