HR vs KIM: Correlation
Healthcare Realty Trust Incorporated (HR) and Kimco Realty (KIM) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HR and KIM?
Over the past 3 years, HR and KIM moved with a correlation of 0.62, which is strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.62 over 3. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 311.6 %².
Within HR's tracked universe of 11 assets, KIM comes in at #5 by 3-year correlation. The trailing year gives HR the advantage: +16.6% versus +11.4%, a 5.2-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.
HR vs KIM: side by side
| HR (Healthcare Realty Trust Incorporated) | KIM (Kimco Realty) | |
|---|---|---|
| 1-year return | +16.6% | +11.4% |
| 5-year return | +12.6% | +35.9% |
| Volatility (ann.) | 21.8% | 22.9% |
| Beta vs S&P 500 | 0.37 | 0.63 |
| Max drawdown (3Y) | -24.4% | -25.9% |
| Market cap | $6.6B | $16.0B |
| P/E (trailing) | – | 28.0 |
| Dividend yield | 4.98% | 4.29% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | HR | KIM |
|---|---|---|
| 2022 | -17.5% | -10.8% |
| 2023 | -4.1% | +6.1% |
| 2024 | +6.4% | +15.0% |
| 2025 | +6.9% | -9.3% |
| 2026 | +17.2% | +20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HR and KIM good diversifiers for each other?
Only partially. A correlation of 0.62 means HR 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 HR and KIM?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.70 over the last year and 0.53 over 5 years.
Is KIM a good diversifier for HR?
Only partially. A correlation of 0.62 means HR 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 0.62 mean?
On the −1 to +1 scale, 0.62 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/hr-vs-kim.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: HR correlations · KIM correlations
