KIM vs UE: Correlation
Measured on weekly returns over the past three years, Kimco Realty (KIM) and Urban Edge Properties (UE) carry a correlation of 0.84, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KIM and UE?
On 3 years of weekly data the KIM/UE correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.83) sits close to the 3-year figure. The 5-year figure is 0.84, and annualized covariance runs at 449.9 %².
Among the 45 assets we track against KIM, UE ranks #4 by 3-year correlation. Their 12-month results are close: +11.4% for KIM against +6.9% for UE.
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 UE: side by side
| KIM (Kimco Realty) | UE (Urban Edge Properties) | |
|---|---|---|
| 1-year return | +11.4% | +6.9% |
| 5-year return | +35.9% | +37.5% |
| Volatility (ann.) | 22.9% | 23.3% |
| Beta vs S&P 500 | 0.63 | 0.70 |
| Max drawdown (3Y) | -25.9% | -29.7% |
| Market cap | $16.0B | $2.9B |
| P/E (trailing) | 28.0 | 40.2 |
| Dividend yield | 4.29% | 3.73% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | KIM | UE |
|---|---|---|
| 2022 | -10.8% | -22.8% |
| 2023 | +6.1% | +35.3% |
| 2024 | +15.0% | +21.7% |
| 2025 | -9.3% | -7.2% |
| 2026 | +20.1% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KIM and UE good diversifiers for each other?
No. With a correlation of 0.84, KIM and UE move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between KIM and UE?
The KIM/UE correlation stands at 0.84 on a 3-year window (1 year: 0.83, 5 years: 0.84), computed from weekly returns as of 2026-08-27.
Is UE a good diversifier for KIM?
No. With a correlation of 0.84, KIM and UE move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 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-ue.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kim-vs-ue/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KIM correlations · UE correlations
