KIM vs O: Correlation
Measured on weekly returns over the past three years, Kimco Realty (KIM) and Realty Income (O) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KIM and O?
On 3 years of weekly data the KIM/O correlation comes out at 0.63, strong. Lately the two have moved closer together, with the 1-year correlation at 0.74 versus 0.63 over 3 years. The 5-year figure is 0.65, and annualized covariance runs at 250.2 %².
Within KIM's tracked universe of 45 assets, O comes in at #22 by 3-year correlation. Neither side won the trailing year by much: +11.4% against +11.3%. On a rolling one-year basis the correlation drifted between 0.46 and 0.76, a moderate band.
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 O: side by side
| KIM (Kimco Realty) | O (Realty Income) | |
|---|---|---|
| 1-year return | +11.4% | +11.3% |
| 5-year return | +35.9% | +14.5% |
| Volatility (ann.) | 22.9% | 17.3% |
| Beta vs S&P 500 | 0.63 | 0.21 |
| Max drawdown (3Y) | -25.9% | -19.3% |
| Market cap | $16.0B | $58.5B |
| P/E (trailing) | 28.0 | 45.4 |
| Dividend yield | 4.29% | 5.20% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | KIM | O |
|---|---|---|
| 2022 | -10.8% | -7.4% |
| 2023 | +6.1% | -4.5% |
| 2024 | +15.0% | -2.1% |
| 2025 | -9.3% | +12.2% |
| 2026 | +20.1% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KIM and O good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between KIM and O?
As of 2026-08-27, the correlation of weekly returns between KIM and O is 0.63 over 3 years, 0.74 over 1 year and 0.65 over 5 years.
Is O a good diversifier for KIM?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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/kim-vs-o.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kim-vs-o/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KIM correlations · O correlations
