FRT vs UDR: Correlation
Measured on weekly returns over the past three years, Federal Realty Investment Trust (FRT) and UDR, Inc. (UDR) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRT and UDR?
Across a 3-year window, the weekly returns of FRT and UDR correlate at 0.65, strong. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. Stretching to 5 years gives 0.66, with an annualized covariance of 267.0 %².
Within FRT's tracked universe of 46 assets, UDR comes in at #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FRT outperformed by 22.2 percentage points (+21.6% for FRT against -0.6% for UDR). Stability stands out here, with the rolling one-year correlation confined to 0.53 through 0.77.
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 UDR: side by side
| FRT (Federal Realty Investment Trust) | UDR (UDR, Inc.) | |
|---|---|---|
| 1-year return | +21.6% | -0.6% |
| 5-year return | +18.8% | -15.5% |
| Volatility (ann.) | 19.5% | 21.1% |
| Beta vs S&P 500 | 0.53 | 0.54 |
| Max drawdown (3Y) | -27.4% | -24.9% |
| Market cap | $10.2B | $13.6B |
| P/E (trailing) | 23.6 | 23.9 |
| Dividend yield | 3.84% | 4.56% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | FRT | UDR |
|---|---|---|
| 2022 | -22.7% | -33.4% |
| 2023 | +6.6% | +3.1% |
| 2024 | +12.1% | +18.3% |
| 2025 | -5.9% | -11.8% |
| 2026 | +19.7% | +4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRT and UDR good diversifiers for each other?
Only partially. A correlation of 0.65 means FRT and UDR 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 UDR?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.62 over the last year and 0.66 over 5 years.
Is UDR a good diversifier for FRT?
Only partially. A correlation of 0.65 means FRT and UDR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 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-udr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/frt-vs-udr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRT correlations · UDR correlations
