KIM vs PLD: Correlation
Measured on weekly returns over the past three years, Kimco Realty (KIM) and Prologis (PLD) carry a correlation of 0.72, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KIM and PLD?
Over the past 3 years, KIM and PLD moved with a correlation of 0.72, which is strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 426.5 %².
Among the 45 assets we track against KIM, PLD ranks #13 by 3-year correlation. The last year tells two different stories: PLD led by 18.6 percentage points, +11.4% for KIM against +30.0% for PLD. The rolling one-year correlation stayed in a tight band between 0.60 and 0.79 over the past three years, which points to a structural rather than episodic relationship.
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 PLD: side by side
| KIM (Kimco Realty) | PLD (Prologis) | |
|---|---|---|
| 1-year return | +11.4% | +30.0% |
| 5-year return | +35.9% | +22.5% |
| Volatility (ann.) | 22.9% | 25.8% |
| Beta vs S&P 500 | 0.63 | 0.90 |
| Max drawdown (3Y) | -25.9% | -31.4% |
| Market cap | $16.0B | $137.9B |
| P/E (trailing) | 28.0 | 31.7 |
| Dividend yield | 4.29% | 2.92% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | KIM | PLD |
|---|---|---|
| 2022 | -10.8% | -31.3% |
| 2023 | +6.1% | +21.6% |
| 2024 | +15.0% | -18.1% |
| 2025 | -9.3% | +25.1% |
| 2026 | +20.1% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KIM and PLD good diversifiers for each other?
Only partially. A correlation of 0.72 means KIM and PLD 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 KIM and PLD?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.68 over the last year and 0.69 over 5 years.
Is PLD a good diversifier for KIM?
Only partially. A correlation of 0.72 means KIM and PLD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.72 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-pld.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kim-vs-pld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KIM correlations · PLD correlations
