FCPT vs GLPI: Correlation
Four Corners Property Trust, Inc. (FCPT) and Gaming and Leisure Properties, Inc. (GLPI) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCPT and GLPI?
On 3 years of weekly data the FCPT/GLPI correlation comes out at 0.66, strong. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. The 5-year figure is 0.68, and annualized covariance runs at 196.7 %².
By 3-year correlation, GLPI places #10 of the 17 assets tracked against FCPT. Over the last 12 months FCPT came out ahead by 9.3 percentage points (+3.8% against -5.5%).
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.
FCPT vs GLPI: side by side
| FCPT (Four Corners Property Trust, Inc.) | GLPI (Gaming and Leisure Properties, Inc.) | |
|---|---|---|
| 1-year return | +3.8% | -5.5% |
| 5-year return | +16.6% | +19.9% |
| Volatility (ann.) | 17.5% | 17.1% |
| Beta vs S&P 500 | 0.32 | 0.29 |
| Max drawdown (3Y) | -20.2% | -14.9% |
| Market cap | $2.8B | $12.7B |
| P/E (trailing) | 22.9 | 12.4 |
| Dividend yield | 5.75% | 7.42% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCPT | GLPI |
|---|---|---|
| 2022 | -7.2% | +13.5% |
| 2023 | +3.1% | +0.9% |
| 2024 | +13.1% | +3.9% |
| 2025 | -10.1% | -0.8% |
| 2026 | +13.1% | -2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCPT and GLPI good diversifiers for each other?
Only partially. A correlation of 0.66 means FCPT and GLPI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FCPT and GLPI?
The FCPT/GLPI correlation stands at 0.66 on a 3-year window (1 year: 0.65, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is GLPI a good diversifier for FCPT?
Only partially. A correlation of 0.66 means FCPT and GLPI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
A reading of 0.66 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FCPT correlations · GLPI correlations
