KIM vs PSA: Correlation
Measured on weekly returns over the past three years, Kimco Realty (KIM) and Public Storage (PSA) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KIM and PSA?
On 3 years of weekly data the KIM/PSA correlation comes out at 0.65, strong. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 340.6 %².
Among the 45 assets we track against KIM, PSA ranks #20 by 3-year correlation. Their 12-month results are close: +11.4% for KIM against +11.3% for PSA. Across three years, the rolling one-year figure varied moderately, from 0.44 to 0.75.
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 PSA: side by side
| KIM (Kimco Realty) | PSA (Public Storage) | |
|---|---|---|
| 1-year return | +11.4% | +11.3% |
| 5-year return | +35.9% | +20.9% |
| Volatility (ann.) | 22.9% | 23.0% |
| Beta vs S&P 500 | 0.63 | 0.59 |
| Max drawdown (3Y) | -25.9% | -25.6% |
| Market cap | $16.0B | $58.1B |
| P/E (trailing) | 28.0 | 30.3 |
| Dividend yield | 4.29% | 3.78% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | KIM | PSA |
|---|---|---|
| 2022 | -10.8% | -20.2% |
| 2023 | +6.1% | +13.6% |
| 2024 | +15.0% | +2.1% |
| 2025 | -9.3% | -9.7% |
| 2026 | +20.1% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KIM and PSA good diversifiers for each other?
Only partially. A correlation of 0.65 means KIM and PSA 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 PSA?
The KIM/PSA correlation stands at 0.65 on a 3-year window (1 year: 0.64, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is PSA a good diversifier for KIM?
Only partially. A correlation of 0.65 means KIM and PSA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
A reading of 0.65 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kim-vs-psa.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kim-vs-psa/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KIM correlations · PSA correlations
