FRT vs SITC: Correlation
Federal Realty Investment Trust (FRT) and SITE Centers Corp. (SITC) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRT and SITC?
Over the past 3 years, FRT and SITC moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 279.2 %².
Within FRT's tracked universe of 46 assets, SITC comes in at #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FRT ahead by 64.8 points (+21.6% versus -43.2%).
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 SITC: side by side
| FRT (Federal Realty Investment Trust) | SITC (SITE Centers Corp.) | |
|---|---|---|
| 1-year return | +21.6% | -43.2% |
| 5-year return | +18.8% | -37.3% |
| Volatility (ann.) | 19.5% | 24.9% |
| Beta vs S&P 500 | 0.53 | 0.73 |
| Max drawdown (3Y) | -27.4% | -59.0% |
| Market cap | $10.2B | $0.2B |
| P/E (trailing) | 23.6 | 1.2 |
| Dividend yield | 3.84% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | FRT | SITC |
|---|---|---|
| 2022 | -22.7% | -2.2% |
| 2023 | +6.6% | +19.2% |
| 2024 | +12.1% | +0.2% |
| 2025 | -5.9% | -15.1% |
| 2026 | +19.7% | -39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRT and SITC good diversifiers for each other?
To a limited degree. At 0.57 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 SITC?
The FRT/SITC correlation stands at 0.57 on a 3-year window (1 year: 0.52, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is SITC a good diversifier for FRT?
To a limited degree. At 0.57 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 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/frt-vs-sitc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frt-vs-sitc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FRT correlations · SITC correlations
