KIM vs KRG: Correlation
Measured on weekly returns over the past three years, Kimco Realty (KIM) and Kite Realty Group Trust (KRG) carry a correlation of 0.85, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KIM and KRG?
Across a 3-year window, the weekly returns of KIM and KRG correlate at 0.85, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.86 over 1 year against 0.85 over 3. Stretching to 5 years gives 0.86, with an annualized covariance of 421.8 %².
Few assets follow KIM as closely as KRG, which ranks #3 of 45 tracked partners. The trailing year gives KRG the advantage: +11.4% versus +20.7%, a 9.3-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.
KIM vs KRG: side by side
| KIM (Kimco Realty) | KRG (Kite Realty Group Trust) | |
|---|---|---|
| 1-year return | +11.4% | +20.7% |
| 5-year return | +35.9% | +61.5% |
| Volatility (ann.) | 22.9% | 21.6% |
| Beta vs S&P 500 | 0.63 | 0.58 |
| Max drawdown (3Y) | -25.9% | -29.1% |
| Market cap | $16.0B | $5.3B |
| P/E (trailing) | 28.0 | 16.5 |
| Dividend yield | 4.29% | 4.34% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | KIM | KRG |
|---|---|---|
| 2022 | -10.8% | +0.8% |
| 2023 | +6.1% | +13.6% |
| 2024 | +15.0% | +15.5% |
| 2025 | -9.3% | -0.2% |
| 2026 | +20.1% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KIM and KRG good diversifiers for each other?
No: a correlation of 0.85 means KIM and KRG tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between KIM and KRG?
The KIM/KRG correlation stands at 0.85 on a 3-year window (1 year: 0.86, 5 years: 0.86), computed from weekly returns as of 2026-08-27.
Is KRG a good diversifier for KIM?
No: a correlation of 0.85 means KIM and KRG tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 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/kim-vs-krg.json
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Related comparisons
Hubs: KIM correlations · KRG correlations
