EPRT vs FCPT: Correlation
Essential Properties Realty Trust, Inc. (EPRT) and Four Corners Property Trust, Inc. (FCPT) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPRT and FCPT?
On 3 years of weekly data the EPRT/FCPT correlation comes out at 0.74, strong. Little has changed lately, as the 1-year reading of 0.75 lands near the 3-year figure. The 5-year figure is 0.76, and annualized covariance runs at 260.9 %².
In EPRT's tracked universe of 17 assets, FCPT sits right near the top at #1. Twelve-month performance is nearly a tie, at +1.2% for EPRT and +3.8% for FCPT.
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.
EPRT vs FCPT: side by side
| EPRT (Essential Properties Realty Trust, Inc.) | FCPT (Four Corners Property Trust, Inc.) | |
|---|---|---|
| 1-year return | +1.2% | +3.8% |
| 5-year return | +16.4% | +16.6% |
| Volatility (ann.) | 20.1% | 17.5% |
| Beta vs S&P 500 | 0.40 | 0.32 |
| Max drawdown (3Y) | -15.5% | -20.2% |
| Market cap | $6.6B | $2.8B |
| P/E (trailing) | 23.7 | 22.9 |
| Dividend yield | 4.04% | 5.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EPRT | FCPT |
|---|---|---|
| 2022 | -14.6% | -7.2% |
| 2023 | +14.2% | +3.1% |
| 2024 | +27.3% | +13.1% |
| 2025 | -1.4% | -10.1% |
| 2026 | +4.5% | +13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPRT and FCPT good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EPRT and FCPT?
As of 2026-08-27, the correlation of weekly returns between EPRT and FCPT is 0.74 over 3 years, 0.75 over 1 year and 0.76 over 5 years.
Is FCPT a good diversifier for EPRT?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
On the −1 to +1 scale, 0.74 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eprt-vs-fcpt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eprt-vs-fcpt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EPRT correlations · FCPT correlations
