KIM vs SPG: Correlation
Kimco Realty (KIM) and Simon Property Group (SPG) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KIM and SPG?
On 3 years of weekly data the KIM/SPG correlation comes out at 0.71, strong. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. The 5-year figure is 0.77, and annualized covariance runs at 370.3 %².
Among the 45 assets we track against KIM, SPG ranks #15 by 3-year correlation. Over the last 12 months SPG came out ahead by 14.9 percentage points (+11.4% against +26.3%). On a rolling one-year basis the correlation drifted between 0.52 and 0.90, a moderate band.
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 SPG: side by side
| KIM (Kimco Realty) | SPG (Simon Property Group) | |
|---|---|---|
| 1-year return | +11.4% | +26.3% |
| 5-year return | +35.9% | +110.2% |
| Volatility (ann.) | 22.9% | 22.7% |
| Beta vs S&P 500 | 0.63 | 0.79 |
| Max drawdown (3Y) | -25.9% | -24.3% |
| Market cap | $16.0B | $81.6B |
| P/E (trailing) | 28.0 | 15.2 |
| Dividend yield | 4.29% | 4.05% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | KIM | SPG |
|---|---|---|
| 2022 | -10.8% | -21.9% |
| 2023 | +6.1% | +29.2% |
| 2024 | +15.0% | +26.9% |
| 2025 | -9.3% | +12.9% |
| 2026 | +20.1% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KIM and SPG good diversifiers for each other?
Only partially. A correlation of 0.71 means KIM and SPG 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 SPG?
As of 2026-08-27, the correlation of weekly returns between KIM and SPG is 0.71 over 3 years, 0.67 over 1 year and 0.77 over 5 years.
Is SPG a good diversifier for KIM?
Only partially. A correlation of 0.71 means KIM and SPG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
A reading of 0.71 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-spg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kim-vs-spg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KIM correlations · SPG correlations
