FRT vs PECO: Correlation
Federal Realty Investment Trust (FRT) and Phillips Edison & Company, Inc. (PECO) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRT and PECO?
Across a 3-year window, the weekly returns of FRT and PECO correlate at 0.72, strong. Recent behaviour matches the longer record: 0.77 over 1 year against 0.72 over 3. Stretching to 5 years gives 0.73, with an annualized covariance of 241.2 %².
Among the 46 assets we track against FRT, PECO ranks #13 by 3-year correlation. Their 12-month results are close: +21.6% for FRT against +17.0% for PECO.
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 PECO: side by side
| FRT (Federal Realty Investment Trust) | PECO (Phillips Edison & Company, Inc.) | |
|---|---|---|
| 1-year return | +21.6% | +17.0% |
| 5-year return | +18.8% | +53.8% |
| Volatility (ann.) | 19.5% | 17.2% |
| Beta vs S&P 500 | 0.53 | 0.28 |
| Max drawdown (3Y) | -27.4% | -15.8% |
| Market cap | $10.2B | $5.5B |
| P/E (trailing) | 23.6 | 34.4 |
| Dividend yield | 3.84% | 3.25% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | FRT | PECO |
|---|---|---|
| 2022 | -22.7% | -0.3% |
| 2023 | +6.6% | +18.5% |
| 2024 | +12.1% | +6.2% |
| 2025 | -5.9% | -1.6% |
| 2026 | +19.7% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRT and PECO good diversifiers for each other?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FRT and PECO?
The FRT/PECO correlation stands at 0.72 on a 3-year window (1 year: 0.77, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is PECO a good diversifier for FRT?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.72 mean?
On the −1 to +1 scale, 0.72 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-peco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/frt-vs-peco/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FRT correlations · PECO correlations
