FRT vs REG: Correlation
Measured on weekly returns over the past three years, Federal Realty Investment Trust (FRT) and Regency Centers (REG) carry a correlation of 0.82, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRT and REG?
On 3 years of weekly data the FRT/REG correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.81 lands near the 3-year figure. The 5-year figure is 0.89, and annualized covariance runs at 284.8 %².
Among the 46 assets we track against FRT, REG ranks #5 by 3-year correlation. On 12-month performance FRT holds a 13.2-point edge, +21.6% against +8.4%. On a rolling one-year basis the correlation drifted between 0.69 and 0.95, a moderate band.
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 REG: side by side
| FRT (Federal Realty Investment Trust) | REG (Regency Centers) | |
|---|---|---|
| 1-year return | +21.6% | +8.4% |
| 5-year return | +18.8% | +35.2% |
| Volatility (ann.) | 19.5% | 17.8% |
| Beta vs S&P 500 | 0.53 | 0.34 |
| Max drawdown (3Y) | -27.4% | -15.1% |
| Market cap | $10.2B | $14.1B |
| P/E (trailing) | 23.6 | 25.5 |
| Dividend yield | 3.84% | 3.89% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | FRT | REG |
|---|---|---|
| 2022 | -22.7% | -13.6% |
| 2023 | +6.6% | +11.9% |
| 2024 | +12.1% | +14.9% |
| 2025 | -5.9% | -2.8% |
| 2026 | +19.7% | +11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRT and REG good diversifiers for each other?
No: a correlation of 0.82 means FRT and REG tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FRT and REG?
The FRT/REG correlation stands at 0.82 on a 3-year window (1 year: 0.81, 5 years: 0.89), computed from weekly returns as of 2026-08-27.
Is REG a good diversifier for FRT?
No: a correlation of 0.82 means FRT and REG tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.82 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-reg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/frt-vs-reg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRT correlations · REG correlations
