KIM vs XLRE: Correlation
Kimco Realty (KIM) and Real Estate Select Sector SPDR Fund (XLRE) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KIM and XLRE?
Over the past 3 years, KIM and XLRE moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.81 over 1 year against 0.83 over 3. Over 5 years the correlation is 0.79, and the annualized covariance of weekly returns is 316.9 %².
Within KIM's tracked universe of 45 assets, XLRE comes in at #7 by 3-year correlation. Twelve-month performance is nearly a tie, at +11.4% for KIM and +9.5% for XLRE. The rolling one-year correlation stayed in a tight band between 0.75 and 0.87 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 XLRE: side by side
| KIM (Kimco Realty) | XLRE (Real Estate Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +11.4% | +9.5% |
| 5-year return | +35.9% | +11.4% |
| Volatility (ann.) | 22.9% | 16.7% |
| Beta vs S&P 500 | 0.63 | 0.57 |
| Max drawdown (3Y) | -25.9% | -16.6% |
| Market cap | $16.0B | – |
| P/E (trailing) | 28.0 | – |
| Dividend yield | 4.29% | 3.12% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $8.6B |
| Sector / category | Real Estate | Sector ETF |
On the fund side, XLRE sits in the Real Estate category at State Street Investment Management, with $8.6B under management, 31 holdings, a 0.08% expense ratio, a 3.12% trailing dividend yield.
Year-by-year returns
| Year | KIM | XLRE |
|---|---|---|
| 2022 | -10.8% | -26.2% |
| 2023 | +6.1% | +12.4% |
| 2024 | +15.0% | +5.1% |
| 2025 | -9.3% | +2.6% |
| 2026 | +20.1% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
KIM represents 1.64% of XLRE's portfolio, so part of any move in XLRE is KIM itself, and the correlation between them is partly mechanical.
Are KIM and XLRE good diversifiers for each other?
No: a correlation of 0.83 means KIM and XLRE tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between KIM and XLRE?
The KIM/XLRE correlation stands at 0.83 on a 3-year window (1 year: 0.81, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is XLRE a good diversifier for KIM?
No: a correlation of 0.83 means KIM and XLRE tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.83 mean?
A reading of 0.83 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-xlre.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kim-vs-xlre/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KIM correlations · XLRE correlations
