FCPT vs VICI: Correlation
Four Corners Property Trust, Inc. (FCPT) and Vici Properties (VICI) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCPT and VICI?
On 3 years of weekly data the FCPT/VICI correlation comes out at 0.69, strong. The relationship has been stable: the 1-year correlation (0.60) sits close to the 3-year figure. The 5-year figure is 0.69, and annualized covariance runs at 217.9 %².
By 3-year correlation, VICI places #7 of the 17 assets tracked against FCPT. Their recent paths diverged sharply: over the last 12 months FCPT outperformed by 22.5 percentage points (+3.8% for FCPT against -18.7% for VICI).
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 VICI: side by side
| FCPT (Four Corners Property Trust, Inc.) | VICI (Vici Properties) | |
|---|---|---|
| 1-year return | +3.8% | -18.7% |
| 5-year return | +16.6% | +9.9% |
| Volatility (ann.) | 17.5% | 18.0% |
| Beta vs S&P 500 | 0.32 | 0.35 |
| Max drawdown (3Y) | -20.2% | -19.1% |
| Market cap | $2.8B | $28.4B |
| P/E (trailing) | 22.9 | 10.1 |
| Dividend yield | 5.75% | 6.92% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | FCPT | VICI |
|---|---|---|
| 2022 | -7.2% | +13.0% |
| 2023 | +3.1% | +3.6% |
| 2024 | +13.1% | -3.1% |
| 2025 | -10.1% | +1.9% |
| 2026 | +13.1% | -5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCPT and VICI good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FCPT and VICI?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.60 over the last year and 0.69 over 5 years.
Is VICI a good diversifier for FCPT?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 mean?
A reading of 0.69 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-vici.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fcpt-vs-vici/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FCPT correlations · VICI correlations
