FRT vs KRG: Correlation
Federal Realty Investment Trust (FRT) and Kite Realty Group Trust (KRG) show a very strong relationship: their 3-year correlation of weekly returns is 0.87.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRT and KRG?
On 3 years of weekly data the FRT/KRG correlation comes out at 0.87, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.89) sits close to the 3-year figure. The 5-year figure is 0.86, and annualized covariance runs at 366.4 %².
KRG is one of the assets that tracks FRT most closely: it ranks #1 out of the 46 assets we track against FRT. Their 12-month results are close: +21.6% for FRT against +20.7% for KRG.
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 KRG: side by side
| FRT (Federal Realty Investment Trust) | KRG (Kite Realty Group Trust) | |
|---|---|---|
| 1-year return | +21.6% | +20.7% |
| 5-year return | +18.8% | +61.5% |
| Volatility (ann.) | 19.5% | 21.6% |
| Beta vs S&P 500 | 0.53 | 0.58 |
| Max drawdown (3Y) | -27.4% | -29.1% |
| Market cap | $10.2B | $5.3B |
| P/E (trailing) | 23.6 | 16.5 |
| Dividend yield | 3.84% | 4.34% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | FRT | KRG |
|---|---|---|
| 2022 | -22.7% | +0.8% |
| 2023 | +6.6% | +13.6% |
| 2024 | +12.1% | +15.5% |
| 2025 | -5.9% | -0.2% |
| 2026 | +19.7% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRT and KRG good diversifiers for each other?
No. With a correlation of 0.87, FRT and KRG move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FRT and KRG?
The FRT/KRG correlation stands at 0.87 on a 3-year window (1 year: 0.89, 5 years: 0.86), computed from weekly returns as of 2026-08-27.
Is KRG a good diversifier for FRT?
No. With a correlation of 0.87, FRT and KRG move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.87 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/frt-vs-krg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frt-vs-krg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FRT correlations · KRG correlations
