EGP vs VNQ: Correlation
Measured on weekly returns over the past three years, EastGroup Properties, Inc. (EGP) and Vanguard Real Estate ETF (VNQ) carry a correlation of 0.78, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGP and VNQ?
On 3 years of weekly data the EGP/VNQ correlation comes out at 0.78, strong. The relationship has been stable: the 1-year correlation (0.74) sits close to the 3-year figure. The 5-year figure is 0.83, and annualized covariance runs at 249.0 %².
Among the 15 assets we track against EGP, VNQ ranks #5 by 3-year correlation. Over the last 12 months EGP came out ahead by 12.3 percentage points (+22.6% against +10.3%).
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 VNQ: side by side
| EGP (EastGroup Properties, Inc.) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | +22.6% | +10.3% |
| 5-year return | +29.6% | +9.5% |
| Volatility (ann.) | 19.2% | 16.6% |
| Beta vs S&P 500 | 0.58 | 0.59 |
| Max drawdown (3Y) | -22.4% | -17.5% |
| Market cap | $10.8B | – |
| P/E (trailing) | 35.3 | – |
| Dividend yield | 3.19% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | US Listed | ETF · Real Estate |
VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | EGP | VNQ |
|---|---|---|
| 2022 | -33.1% | -26.3% |
| 2023 | +27.7% | +11.9% |
| 2024 | -9.8% | +4.8% |
| 2025 | +14.9% | +3.2% |
| 2026 | +14.1% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VNQ holds EGP at a 0.59% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are EGP and VNQ good diversifiers for each other?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EGP and VNQ?
Using weekly returns as of 2026-08-27: 0.78 over 3 years, with 0.74 over the last year and 0.83 over 5 years.
Is VNQ a good diversifier for EGP?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.78 mean?
A reading of 0.78 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-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/egp-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EGP correlations · VNQ correlations
