GLPI vs VNQ: Correlation
Gaming and Leisure Properties, Inc. (GLPI) and Vanguard Real Estate ETF (VNQ) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLPI and VNQ?
Across a 3-year window, the weekly returns of GLPI and VNQ correlate at 0.73, strong. Little has changed lately, as the 1-year reading of 0.72 lands near the 3-year figure. Stretching to 5 years gives 0.74, with an annualized covariance of 206.2 %².
In GLPI's tracked universe of 12 assets, VNQ sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months VNQ outperformed by 15.8 percentage points (-5.5% for GLPI against +10.3% for VNQ).
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 VNQ: side by side
| GLPI (Gaming and Leisure Properties, Inc.) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | -5.5% | +10.3% |
| 5-year return | +19.9% | +9.5% |
| Volatility (ann.) | 17.1% | 16.6% |
| Beta vs S&P 500 | 0.29 | 0.59 |
| Max drawdown (3Y) | -14.9% | -17.5% |
| Market cap | $12.7B | – |
| P/E (trailing) | 12.4 | – |
| Dividend yield | 7.42% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | US Listed | ETF · Real Estate |
VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | GLPI | VNQ |
|---|---|---|
| 2022 | +13.5% | -26.3% |
| 2023 | +0.9% | +11.9% |
| 2024 | +3.9% | +4.8% |
| 2025 | -0.8% | +3.2% |
| 2026 | -2.1% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VNQ holds GLPI at a 0.63% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are GLPI and VNQ good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GLPI and VNQ?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.72 over the last year and 0.74 over 5 years.
Is VNQ a good diversifier for GLPI?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/glpi-vs-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/glpi-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GLPI correlations · VNQ correlations
