FCPT vs REG: Correlation
How closely do Four Corners Property Trust, Inc. (FCPT) and Regency Centers (REG) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCPT and REG?
Across a 3-year window, the weekly returns of FCPT and REG correlate at 0.68, strong. The relationship has been stable: the 1-year correlation (0.73) sits close to the 3-year figure. Stretching to 5 years gives 0.68, with an annualized covariance of 211.4 %².
Within FCPT's tracked universe of 17 assets, REG comes in at #9 by 3-year correlation. Twelve-month performance is nearly a tie, at +3.8% for FCPT and +8.4% for REG.
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 REG: side by side
| FCPT (Four Corners Property Trust, Inc.) | REG (Regency Centers) | |
|---|---|---|
| 1-year return | +3.8% | +8.4% |
| 5-year return | +16.6% | +35.2% |
| Volatility (ann.) | 17.5% | 17.8% |
| Beta vs S&P 500 | 0.32 | 0.34 |
| Max drawdown (3Y) | -20.2% | -15.1% |
| Market cap | $2.8B | $14.1B |
| P/E (trailing) | 22.9 | 25.5 |
| Dividend yield | 5.75% | 3.89% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | FCPT | REG |
|---|---|---|
| 2022 | -7.2% | -13.6% |
| 2023 | +3.1% | +11.9% |
| 2024 | +13.1% | +14.9% |
| 2025 | -10.1% | -2.8% |
| 2026 | +13.1% | +11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCPT and REG good diversifiers for each other?
Only partially. A correlation of 0.68 means FCPT and REG 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 REG?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.73 over the last year and 0.68 over 5 years.
Is REG a good diversifier for FCPT?
Only partially. A correlation of 0.68 means FCPT and REG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 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/fcpt-vs-reg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fcpt-vs-reg/)
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Related comparisons
Hubs: FCPT correlations · REG correlations
