GTY vs WPC: Correlation
Getty Realty Corporation (GTY) and W. P. Carey Inc. REIT (WPC) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTY and WPC?
Over the past 3 years, GTY and WPC moved with a correlation of 0.68, which is strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 267.4 %².
By 3-year correlation, WPC places #5 of the 19 assets tracked against GTY. The trailing year gives GTY the advantage: +23.2% versus +11.2%, a 12.0-point spread.
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 WPC: side by side
| GTY (Getty Realty Corporation) | WPC (W. P. Carey Inc. REIT) | |
|---|---|---|
| 1-year return | +23.2% | +11.2% |
| 5-year return | +40.7% | +23.0% |
| Volatility (ann.) | 18.8% | 20.9% |
| Beta vs S&P 500 | 0.13 | 0.30 |
| Max drawdown (3Y) | -17.9% | -19.6% |
| Market cap | $2.0B | $16.0B |
| P/E (trailing) | 20.2 | 24.4 |
| Dividend yield | 5.79% | 5.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GTY | WPC |
|---|---|---|
| 2022 | +11.7% | +0.5% |
| 2023 | -8.8% | -9.9% |
| 2024 | +9.9% | -10.6% |
| 2025 | -2.9% | +25.0% |
| 2026 | +24.0% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTY and WPC good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GTY and WPC?
The GTY/WPC correlation stands at 0.68 on a 3-year window (1 year: 0.68, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is WPC a good diversifier for GTY?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gty-vs-wpc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gty-vs-wpc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GTY correlations · WPC correlations
