IRM vs KIM: Correlation
How closely do Iron Mountain (IRM) and Kimco Realty (KIM) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IRM and KIM?
On 3 years of weekly data the IRM/KIM correlation comes out at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. The 5-year figure is 0.54, and annualized covariance runs at 350.6 %².
By 3-year correlation, KIM places #16 of the 31 assets tracked against IRM. Correlation aside, the last 12 months split them widely, with IRM ahead by 26.7 points (+38.1% versus +11.4%). Across three years, the rolling one-year figure varied moderately, from 0.35 to 0.77.
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.
IRM vs KIM: side by side
| IRM (Iron Mountain) | KIM (Kimco Realty) | |
|---|---|---|
| 1-year return | +38.1% | +11.4% |
| 5-year return | +219.3% | +35.9% |
| Volatility (ann.) | 30.8% | 22.9% |
| Beta vs S&P 500 | 0.96 | 0.63 |
| Max drawdown (3Y) | -39.0% | -25.9% |
| Market cap | $36.5B | $16.0B |
| P/E (trailing) | 86.4 | 28.0 |
| Dividend yield | 2.78% | 4.29% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | IRM | KIM |
|---|---|---|
| 2022 | -0.1% | -10.8% |
| 2023 | +46.5% | +6.1% |
| 2024 | +54.5% | +15.0% |
| 2025 | -18.2% | -9.3% |
| 2026 | +50.1% | +20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IRM and KIM good diversifiers for each other?
Only partially. A correlation of 0.50 means IRM 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 IRM and KIM?
The IRM/KIM correlation stands at 0.50 on a 3-year window (1 year: 0.40, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is KIM a good diversifier for IRM?
Only partially. A correlation of 0.50 means IRM 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 0.50 mean?
On the −1 to +1 scale, 0.50 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.
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Related comparisons
Hubs: IRM correlations · KIM correlations
