IGR vs LAND: Correlation
Measured on weekly returns over the past three years, CBRE Global Real Estate Income Fund (IGR) and Gl (LAND) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IGR and LAND?
Over the past 3 years, IGR and LAND moved with a correlation of 0.60, which is strong. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 421.8 %².
Among the 24 assets we track against IGR, LAND ranks #15 by 3-year correlation. Neither side won the trailing year by much: +7.8% against +3.1%.
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.
IGR vs LAND: side by side
| IGR (CBRE Global Real Estate Income Fund) | LAND (Gl) | |
|---|---|---|
| 1-year return | +7.8% | +3.1% |
| 5-year return | -4.7% | -53.7% |
| Volatility (ann.) | 26.5% | 26.6% |
| Beta vs S&P 500 | 0.81 | 0.52 |
| Max drawdown (3Y) | -29.5% | -41.6% |
| Market cap | $0.7B | $0.4B |
| P/E (trailing) | 15.4 | – |
| Dividend yield | 7.73% | 6.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IGR | LAND |
|---|---|---|
| 2022 | -35.5% | -44.4% |
| 2023 | +8.6% | -18.5% |
| 2024 | +1.2% | -21.6% |
| 2025 | +5.2% | -10.7% |
| 2026 | +16.8% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IGR and LAND good diversifiers for each other?
Only partially. A correlation of 0.60 means IGR and LAND 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 IGR and LAND?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.51 over the last year and 0.61 over 5 years.
Is LAND a good diversifier for IGR?
Only partially. A correlation of 0.60 means IGR and LAND share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
A reading of 0.60 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/igr-vs-land.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/igr-vs-land/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IGR correlations · LAND correlations
