GLPI vs KIM: Correlation
Gaming and Leisure Properties, Inc. (GLPI) and Kimco Realty (KIM) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLPI and KIM?
Across a 3-year window, the weekly returns of GLPI and KIM correlate at 0.66, strong. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. Stretching to 5 years gives 0.65, with an annualized covariance of 258.7 %².
Among the 12 assets we track against GLPI, KIM ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KIM outperformed by 16.9 percentage points (-5.5% for GLPI against +11.4% for KIM).
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.
GLPI vs KIM: side by side
| GLPI (Gaming and Leisure Properties, Inc.) | KIM (Kimco Realty) | |
|---|---|---|
| 1-year return | -5.5% | +11.4% |
| 5-year return | +19.9% | +35.9% |
| Volatility (ann.) | 17.1% | 22.9% |
| Beta vs S&P 500 | 0.29 | 0.63 |
| Max drawdown (3Y) | -14.9% | -25.9% |
| Market cap | $12.7B | $16.0B |
| P/E (trailing) | 12.4 | 28.0 |
| Dividend yield | 7.42% | 4.29% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | GLPI | KIM |
|---|---|---|
| 2022 | +13.5% | -10.8% |
| 2023 | +0.9% | +6.1% |
| 2024 | +3.9% | +15.0% |
| 2025 | -0.8% | -9.3% |
| 2026 | -2.1% | +20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLPI and KIM good diversifiers for each other?
Only partially. A correlation of 0.66 means GLPI and KIM 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 GLPI and KIM?
The GLPI/KIM correlation stands at 0.66 on a 3-year window (1 year: 0.67, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is KIM a good diversifier for GLPI?
Only partially. A correlation of 0.66 means GLPI and KIM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
A reading of 0.66 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GLPI correlations · KIM correlations
