KIM vs REG: Correlation
Measured on weekly returns over the past three years, Kimco Realty (KIM) and Regency Centers (REG) carry a correlation of 0.83, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KIM and REG?
On 3 years of weekly data the KIM/REG correlation comes out at 0.83, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.87 over 1 year against 0.83 over 3. The 5-year figure is 0.85, and annualized covariance runs at 340.7 %².
By 3-year correlation, REG places #6 of the 45 assets tracked against KIM. Their 12-month results are close: +11.4% for KIM against +8.4% for REG. The rolling one-year correlation stayed in a tight band between 0.76 and 0.88 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 REG: side by side
| KIM (Kimco Realty) | REG (Regency Centers) | |
|---|---|---|
| 1-year return | +11.4% | +8.4% |
| 5-year return | +35.9% | +35.2% |
| Volatility (ann.) | 22.9% | 17.8% |
| Beta vs S&P 500 | 0.63 | 0.34 |
| Max drawdown (3Y) | -25.9% | -15.1% |
| Market cap | $16.0B | $14.1B |
| P/E (trailing) | 28.0 | 25.5 |
| Dividend yield | 4.29% | 3.89% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | KIM | REG |
|---|---|---|
| 2022 | -10.8% | -13.6% |
| 2023 | +6.1% | +11.9% |
| 2024 | +15.0% | +14.9% |
| 2025 | -9.3% | -2.8% |
| 2026 | +20.1% | +11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KIM and REG good diversifiers for each other?
No: a correlation of 0.83 means KIM and REG tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between KIM and REG?
Using weekly returns as of 2026-08-27: 0.83 over 3 years, with 0.87 over the last year and 0.85 over 5 years.
Is REG a good diversifier for KIM?
No: a correlation of 0.83 means KIM and REG tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.83 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-reg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kim-vs-reg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KIM correlations · REG correlations
