KIM vs WY: Correlation
Measured on weekly returns over the past three years, Kimco Realty (KIM) and Weyerhaeuser (WY) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KIM and WY?
Over the past 3 years, KIM and WY moved with a correlation of 0.59, which is moderate. The link has loosened recently: the 1-year correlation (0.44) runs below the 3-year figure (0.59). Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 333.9 %².
Among the 45 assets we track against KIM, WY ranks #26 by 3-year correlation. The last year tells two different stories: KIM led by 17.5 percentage points, +11.4% for KIM against -6.1% for WY. The rolling one-year correlation moved between 0.45 and 0.76 over the past three years, a moderate range.
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 WY: side by side
| KIM (Kimco Realty) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | +11.4% | -6.1% |
| 5-year return | +35.9% | -19.5% |
| Volatility (ann.) | 22.9% | 24.8% |
| Beta vs S&P 500 | 0.63 | 0.64 |
| Max drawdown (3Y) | -25.9% | -38.0% |
| Market cap | $16.0B | $17.1B |
| P/E (trailing) | 28.0 | 36.5 |
| Dividend yield | 4.29% | 3.49% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | KIM | WY |
|---|---|---|
| 2022 | -10.8% | -20.4% |
| 2023 | +6.1% | +18.0% |
| 2024 | +15.0% | -16.6% |
| 2025 | -9.3% | -13.0% |
| 2026 | +20.1% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KIM and WY good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between KIM and WY?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.44 over the last year and 0.66 over 5 years.
Is WY a good diversifier for KIM?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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-wy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kim-vs-wy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KIM correlations · WY correlations
