GTY vs VNQ: Correlation
Measured on weekly returns over the past three years, Getty Realty Corporation (GTY) and Vanguard Real Estate ETF (VNQ) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTY and VNQ?
Over the past 3 years, GTY and VNQ moved with a correlation of 0.68, which is strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 212.5 %².
Among the 19 assets we track against GTY, VNQ ranks #4 by 3-year correlation. Over the last 12 months GTY came out ahead by 12.9 percentage points (+23.2% against +10.3%).
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 VNQ: side by side
| GTY (Getty Realty Corporation) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | +23.2% | +10.3% |
| 5-year return | +40.7% | +9.5% |
| Volatility (ann.) | 18.8% | 16.6% |
| Beta vs S&P 500 | 0.13 | 0.59 |
| Max drawdown (3Y) | -17.9% | -17.5% |
| Market cap | $2.0B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 5.79% | 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 | GTY | VNQ |
|---|---|---|
| 2022 | +11.7% | -26.3% |
| 2023 | -8.8% | +11.9% |
| 2024 | +9.9% | +4.8% |
| 2025 | -2.9% | +3.2% |
| 2026 | +24.0% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
GTY represents 0.1% of VNQ's portfolio, so part of any move in VNQ is GTY itself, and the correlation between them is partly mechanical.
Are GTY and VNQ good diversifiers for each other?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GTY and VNQ?
The GTY/VNQ correlation stands at 0.68 on a 3-year window (1 year: 0.71, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is VNQ a good diversifier for GTY?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.68 mean?
A reading of 0.68 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gty-vs-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gty-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GTY correlations · VNQ correlations
