GIII vs WHLR: Correlation
Measured on weekly returns over the past three years, G-III Apparel Group, LTD. (GIII) and Wheeler Real Estate Investment Trust, Inc. (WHLR) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIII and WHLR?
On 3 years of weekly data the GIII/WHLR correlation comes out at 0.33, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.00 versus 0.33 over 3 years. The 5-year figure is 0.22, and annualized covariance runs at 7029.9 %².
Among the 14 assets we track against GIII, WHLR ranks #6 by 3-year correlation. The last year tells two different stories: GIII led by 124.7 percentage points, +24.7% for GIII against -100.0% for WHLR. Risk is not evenly split, since WHLR carries 13.8 times the volatility of the other side.
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.
GIII vs WHLR: side by side
| GIII (G-III Apparel Group, LTD.) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | +24.7% | -100.0% |
| 5-year return | +8.5% | -100.0% |
| Volatility (ann.) | 39.5% | 545.0% |
| Beta vs S&P 500 | 0.53 | -5.84 |
| Max drawdown (3Y) | -43.1% | -100.0% |
| Market cap | $1.4B | – |
| P/E (trailing) | 11.8 | 0.0 |
| Dividend yield | 0.60% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIII | WHLR |
|---|---|---|
| 2022 | -50.4% | -28.0% |
| 2023 | +147.8% | -98.4% |
| 2024 | -4.0% | -98.4% |
| 2025 | -10.9% | -100.0% |
| 2026 | +15.9% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIII and WHLR good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GIII and WHLR?
The GIII/WHLR correlation stands at 0.33 on a 3-year window (1 year: 0.00, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is WHLR a good diversifier for GIII?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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.
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Related comparisons
Hubs: GIII correlations · WHLR correlations
