FRT vs UE: Correlation
How closely do Federal Realty Investment Trust (FRT) and Urban Edge Properties (UE) trade together? Their weekly returns over three years give a correlation of 0.83, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRT and UE?
Across a 3-year window, the weekly returns of FRT and UE correlate at 0.83, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.83) sits close to the 3-year figure. Stretching to 5 years gives 0.85, with an annualized covariance of 376.8 %².
Within FRT's tracked universe of 46 assets, UE comes in at #4 by 3-year correlation. On 12-month performance FRT holds a 14.7-point edge, +21.6% against +6.9%.
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 UE: side by side
| FRT (Federal Realty Investment Trust) | UE (Urban Edge Properties) | |
|---|---|---|
| 1-year return | +21.6% | +6.9% |
| 5-year return | +18.8% | +37.5% |
| Volatility (ann.) | 19.5% | 23.3% |
| Beta vs S&P 500 | 0.53 | 0.70 |
| Max drawdown (3Y) | -27.4% | -29.7% |
| Market cap | $10.2B | $2.9B |
| P/E (trailing) | 23.6 | 40.2 |
| Dividend yield | 3.84% | 3.73% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | FRT | UE |
|---|---|---|
| 2022 | -22.7% | -22.8% |
| 2023 | +6.6% | +35.3% |
| 2024 | +12.1% | +21.7% |
| 2025 | -5.9% | -7.2% |
| 2026 | +19.7% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRT and UE good diversifiers for each other?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between FRT and UE?
As of 2026-08-27, the correlation of weekly returns between FRT and UE is 0.83 over 3 years, 0.83 over 1 year and 0.85 over 5 years.
Is UE a good diversifier for FRT?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.83 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-ue.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frt-vs-ue/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FRT correlations · UE correlations
