FCPT vs MDRR: Correlation
Four Corners Property Trust, Inc. (FCPT) and Medalist Diversified, Inc. (MDRR) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCPT and MDRR?
Across a 3-year window, the weekly returns of FCPT and MDRR correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. Stretching to 5 years gives 0.06, with an annualized covariance of -101.0 %².
Out of 17 assets tracked against FCPT, MDRR lands near the bottom at #15. Twelve-month performance is nearly a tie, at +3.8% for FCPT and +4.8% for MDRR. One caveat on sizing: MDRR is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MDRR: side by side
| FCPT (Four Corners Property Trust, Inc.) | MDRR (Medalist Diversified, Inc.) | |
|---|---|---|
| 1-year return | +3.8% | +4.8% |
| 5-year return | +16.6% | -31.3% |
| Volatility (ann.) | 17.5% | 28.1% |
| Beta vs S&P 500 | 0.32 | -0.02 |
| Max drawdown (3Y) | -20.2% | -29.5% |
| Market cap | $2.8B | – |
| P/E (trailing) | 22.9 | 3.1 |
| Dividend yield | 5.75% | 2.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCPT | MDRR |
|---|---|---|
| 2022 | -7.2% | -37.3% |
| 2023 | +3.1% | -4.0% |
| 2024 | +13.1% | +28.6% |
| 2025 | -10.1% | -5.5% |
| 2026 | +13.1% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCPT and MDRR good diversifiers for each other?
Yes. With a correlation of -0.21, FCPT and MDRR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FCPT and MDRR?
The FCPT/MDRR correlation stands at -0.21 on a 3-year window (1 year: -0.18, 5 years: 0.06), computed from weekly returns as of 2026-08-27.
Is MDRR a good diversifier for FCPT?
Yes. With a correlation of -0.21, FCPT and MDRR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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/fcpt-vs-mdrr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fcpt-vs-mdrr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FCPT correlations · MDRR correlations
