KIM vs PAPL: Correlation
Kimco Realty (KIM) and Pineapple Financial Inc. (PAPL) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KIM and PAPL?
Across a 3-year window, the weekly returns of KIM and PAPL correlate at -0.18, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.09 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -707.8 %².
Within KIM's tracked universe of 45 assets, PAPL comes in at #36 by 3-year correlation. The last year tells two different stories: KIM led by 82.1 percentage points, +11.4% for KIM against -70.7% for PAPL. Risk is not evenly split, since PAPL carries 7.9 times the volatility of the other side.
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 PAPL: side by side
| KIM (Kimco Realty) | PAPL (Pineapple Financial Inc.) | |
|---|---|---|
| 1-year return | +11.4% | -70.7% |
| 5-year return | +35.9% | n/a |
| Volatility (ann.) | 22.9% | 181.2% |
| Beta vs S&P 500 | 0.63 | -0.73 |
| Max drawdown (3Y) | -25.9% | -99.4% |
| Market cap | $16.0B | – |
| P/E (trailing) | 28.0 | – |
| Dividend yield | 4.29% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | KIM | PAPL |
|---|---|---|
| 2022 | -10.8% | – |
| 2023 | +6.1% | – |
| 2024 | +15.0% | -74.7% |
| 2025 | -9.3% | -84.4% |
| 2026 | +20.1% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KIM and PAPL good diversifiers for each other?
Yes. With a correlation of -0.18, KIM and PAPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KIM and PAPL?
The KIM/PAPL correlation stands at -0.18 on a 3-year window (1 year: -0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PAPL a good diversifier for KIM?
Yes. With a correlation of -0.18, KIM and PAPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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-papl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kim-vs-papl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KIM correlations · PAPL correlations
