FRT vs KIM: Correlation
How closely do Federal Realty Investment Trust (FRT) and Kimco Realty (KIM) trade together? Their weekly returns over three years give a correlation of 0.85, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRT and KIM?
Over the past 3 years, FRT and KIM moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.82) sits close to the 3-year figure. Over 5 years the correlation is 0.86, and the annualized covariance of weekly returns is 380.7 %².
In FRT's tracked universe of 46 assets, KIM sits right near the top at #2. Over the last 12 months FRT came out ahead by 10.2 percentage points (+21.6% against +11.4%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.79 and 0.91.
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.
FRT vs KIM: side by side
| FRT (Federal Realty Investment Trust) | KIM (Kimco Realty) | |
|---|---|---|
| 1-year return | +21.6% | +11.4% |
| 5-year return | +18.8% | +35.9% |
| Volatility (ann.) | 19.5% | 22.9% |
| Beta vs S&P 500 | 0.53 | 0.63 |
| Max drawdown (3Y) | -27.4% | -25.9% |
| Market cap | $10.2B | $16.0B |
| P/E (trailing) | 23.6 | 28.0 |
| Dividend yield | 3.84% | 4.29% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | FRT | KIM |
|---|---|---|
| 2022 | -22.7% | -10.8% |
| 2023 | +6.6% | +6.1% |
| 2024 | +12.1% | +15.0% |
| 2025 | -5.9% | -9.3% |
| 2026 | +19.7% | +20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRT and KIM good diversifiers for each other?
No: a correlation of 0.85 means FRT and KIM tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FRT and KIM?
As of 2026-08-27, the correlation of weekly returns between FRT and KIM is 0.85 over 3 years, 0.82 over 1 year and 0.86 over 5 years.
Is KIM a good diversifier for FRT?
No: a correlation of 0.85 means FRT and KIM tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 mean?
On the −1 to +1 scale, 0.85 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/frt-vs-kim.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/frt-vs-kim/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FRT correlations · KIM correlations
