GTY vs PINE: Correlation
How closely do Getty Realty Corporation (GTY) and Alpine Income Property Trust, Inc. (PINE) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTY and PINE?
Across a 3-year window, the weekly returns of GTY and PINE correlate at 0.59, moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.59 over 3. Stretching to 5 years gives 0.60, with an annualized covariance of 264.6 %².
Within GTY's tracked universe of 19 assets, PINE comes in at #9 by 3-year correlation. On 12-month performance PINE holds a 14.7-point edge, +23.2% against +37.9%.
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.
GTY vs PINE: side by side
| GTY (Getty Realty Corporation) | PINE (Alpine Income Property Trust, Inc.) | |
|---|---|---|
| 1-year return | +23.2% | +37.9% |
| 5-year return | +40.7% | +43.8% |
| Volatility (ann.) | 18.8% | 23.9% |
| Beta vs S&P 500 | 0.13 | 0.19 |
| Max drawdown (3Y) | -17.9% | -24.8% |
| Market cap | $2.0B | $0.4B |
| P/E (trailing) | 20.2 | 93.5 |
| Dividend yield | 5.79% | 5.94% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GTY | PINE |
|---|---|---|
| 2022 | +11.7% | +0.9% |
| 2023 | -8.8% | -5.5% |
| 2024 | +9.9% | +6.1% |
| 2025 | -2.9% | +7.0% |
| 2026 | +24.0% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTY and PINE good diversifiers for each other?
Only partially. A correlation of 0.59 means GTY and PINE 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 GTY and PINE?
The GTY/PINE correlation stands at 0.59 on a 3-year window (1 year: 0.59, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is PINE a good diversifier for GTY?
Only partially. A correlation of 0.59 means GTY and PINE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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/gty-vs-pine.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gty-vs-pine/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GTY correlations · PINE correlations
