IVT vs UE: Correlation
How closely do InvenTrust Properties Corp. (IVT) and Urban Edge Properties (UE) trade together? Their weekly returns over three years give a correlation of 0.77, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVT and UE?
On 3 years of weekly data the IVT/UE correlation comes out at 0.77, strong. Little has changed lately, as the 1-year reading of 0.82 lands near the 3-year figure. The 5-year figure is 0.06, and annualized covariance runs at 324.6 %².
In IVT's tracked universe of 11 assets, UE sits right near the top at #2. On 12-month performance IVT holds a 6.6-point edge, +13.5% against +6.9%.
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.
IVT vs UE: side by side
| IVT (InvenTrust Properties Corp.) | UE (Urban Edge Properties) | |
|---|---|---|
| 1-year return | +13.5% | +6.9% |
| 5-year return | +2915.1% | +37.5% |
| Volatility (ann.) | 18.1% | 23.3% |
| Beta vs S&P 500 | 0.34 | 0.70 |
| Max drawdown (3Y) | -15.7% | -29.7% |
| Market cap | $2.5B | $2.9B |
| P/E (trailing) | 171.8 | 40.2 |
| Dividend yield | 2.98% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IVT | UE |
|---|---|---|
| 2022 | -10.3% | -22.8% |
| 2023 | +11.0% | +35.3% |
| 2024 | +23.0% | +21.7% |
| 2025 | -3.2% | -7.2% |
| 2026 | +17.5% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVT and UE good diversifiers for each other?
Only partially. A correlation of 0.77 means IVT and UE 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 IVT and UE?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.82 over the last year and 0.06 over 5 years.
Is UE a good diversifier for IVT?
Only partially. A correlation of 0.77 means IVT and UE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 mean?
A reading of 0.77 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/ivt-vs-ue.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ivt-vs-ue/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IVT correlations · UE correlations
