KIM vs VNQ: Correlation
Measured on weekly returns over the past three years, Kimco Realty (KIM) and Vanguard Real Estate ETF (VNQ) 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 VNQ?
On 3 years of weekly data the KIM/VNQ correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.84 lands near the 3-year figure. The 5-year figure is 0.82, and annualized covariance runs at 320.8 %².
Within KIM's tracked universe of 45 assets, VNQ comes in at #5 by 3-year correlation. Twelve-month performance is nearly a tie, at +11.4% for KIM and +10.3% for VNQ. The rolling one-year correlation stayed in a tight band between 0.77 and 0.89 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 VNQ: side by side
| KIM (Kimco Realty) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | +11.4% | +10.3% |
| 5-year return | +35.9% | +9.5% |
| Volatility (ann.) | 22.9% | 16.6% |
| Beta vs S&P 500 | 0.63 | 0.59 |
| Max drawdown (3Y) | -25.9% | -17.5% |
| Market cap | $16.0B | – |
| P/E (trailing) | 28.0 | – |
| Dividend yield | 4.29% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | Real Estate | ETF · Real Estate |
VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | KIM | VNQ |
|---|---|---|
| 2022 | -10.8% | -26.3% |
| 2023 | +6.1% | +11.9% |
| 2024 | +15.0% | +4.8% |
| 2025 | -9.3% | +3.2% |
| 2026 | +20.1% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
KIM represents 0.9% of VNQ's portfolio, so part of any move in VNQ is KIM itself, and the correlation between them is partly mechanical.
Are KIM and VNQ good diversifiers for each other?
No. With a correlation of 0.84, KIM and VNQ move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between KIM and VNQ?
The KIM/VNQ correlation stands at 0.84 on a 3-year window (1 year: 0.84, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is VNQ a good diversifier for KIM?
No. With a correlation of 0.84, KIM and VNQ 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-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kim-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KIM correlations · VNQ correlations
