KIM vs PECO: Correlation
Kimco Realty (KIM) and Phillips Edison & Company, Inc. (PECO) show a very strong relationship: their 3-year correlation of weekly returns is 0.80.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KIM and PECO?
On 3 years of weekly data the KIM/PECO correlation comes out at 0.80, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.80) sits close to the 3-year figure. The 5-year figure is 0.71, and annualized covariance runs at 313.3 %².
Among the 45 assets we track against KIM, PECO ranks #8 by 3-year correlation. The trailing year gives PECO the advantage: +11.4% versus +17.0%, a 5.6-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 PECO: side by side
| KIM (Kimco Realty) | PECO (Phillips Edison & Company, Inc.) | |
|---|---|---|
| 1-year return | +11.4% | +17.0% |
| 5-year return | +35.9% | +53.8% |
| Volatility (ann.) | 22.9% | 17.2% |
| Beta vs S&P 500 | 0.63 | 0.28 |
| Max drawdown (3Y) | -25.9% | -15.8% |
| Market cap | $16.0B | $5.5B |
| P/E (trailing) | 28.0 | 34.4 |
| Dividend yield | 4.29% | 3.25% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | KIM | PECO |
|---|---|---|
| 2022 | -10.8% | -0.3% |
| 2023 | +6.1% | +18.5% |
| 2024 | +15.0% | +6.2% |
| 2025 | -9.3% | -1.6% |
| 2026 | +20.1% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KIM and PECO good diversifiers for each other?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between KIM and PECO?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.80 over the last year and 0.71 over 5 years.
Is PECO a good diversifier for KIM?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.80 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-peco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kim-vs-peco/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KIM correlations · PECO correlations
