FRT vs PLD: Correlation
Measured on weekly returns over the past three years, Federal Realty Investment Trust (FRT) and Prologis (PLD) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRT and PLD?
Across a 3-year window, the weekly returns of FRT and PLD correlate at 0.70, strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. Stretching to 5 years gives 0.64, with an annualized covariance of 353.5 %².
Among the 46 assets we track against FRT, PLD ranks #18 by 3-year correlation. On 12-month performance PLD holds a 8.4-point edge, +21.6% against +30.0%. Across three years, the rolling one-year figure varied moderately, from 0.51 to 0.79.
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 PLD: side by side
| FRT (Federal Realty Investment Trust) | PLD (Prologis) | |
|---|---|---|
| 1-year return | +21.6% | +30.0% |
| 5-year return | +18.8% | +22.5% |
| Volatility (ann.) | 19.5% | 25.8% |
| Beta vs S&P 500 | 0.53 | 0.90 |
| Max drawdown (3Y) | -27.4% | -31.4% |
| Market cap | $10.2B | $137.9B |
| P/E (trailing) | 23.6 | 31.7 |
| Dividend yield | 3.84% | 2.92% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | FRT | PLD |
|---|---|---|
| 2022 | -22.7% | -31.3% |
| 2023 | +6.6% | +21.6% |
| 2024 | +12.1% | -18.1% |
| 2025 | -5.9% | +25.1% |
| 2026 | +19.7% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRT and PLD good diversifiers for each other?
Only partially. A correlation of 0.70 means FRT and PLD 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 FRT and PLD?
As of 2026-08-27, the correlation of weekly returns between FRT and PLD is 0.70 over 3 years, 0.70 over 1 year and 0.64 over 5 years.
Is PLD a good diversifier for FRT?
Only partially. A correlation of 0.70 means FRT and PLD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 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-pld.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/frt-vs-pld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FRT correlations · PLD correlations
