KRC vs SLG: Correlation
How closely do Kilroy Realty Corporation (KRC) and SL Green Realty Corp (SLG) trade together? Their weekly returns over three years give a correlation of 0.77, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRC and SLG?
Across a 3-year window, the weekly returns of KRC and SLG correlate at 0.77, strong. The past 12 months show a weaker link (0.61) than the 3-year average (0.77). Stretching to 5 years gives 0.79, with an annualized covariance of 1131.4 %².
Among the 16 assets we track against KRC, SLG ranks #7 by 3-year correlation. On 12-month performance SLG holds a 12.0-point edge, -5.3% against +6.7%.
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.
KRC vs SLG: side by side
| KRC (Kilroy Realty Corporation) | SLG (SL Green Realty Corp) | |
|---|---|---|
| 1-year return | -5.3% | +6.7% |
| 5-year return | -26.0% | +15.1% |
| Volatility (ann.) | 35.5% | 41.1% |
| Beta vs S&P 500 | 1.02 | 1.33 |
| Max drawdown (3Y) | -35.3% | -53.9% |
| Market cap | $4.3B | $4.4B |
| P/E (trailing) | 25.8 | – |
| Dividend yield | 5.86% | 5.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRC | SLG |
|---|---|---|
| 2022 | -39.2% | -50.9% |
| 2023 | +10.1% | +48.8% |
| 2024 | +7.8% | +58.3% |
| 2025 | -2.0% | -29.0% |
| 2026 | +1.5% | +29.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRC and SLG good diversifiers for each other?
Only partially. A correlation of 0.77 means KRC and SLG 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 KRC and SLG?
The KRC/SLG correlation stands at 0.77 on a 3-year window (1 year: 0.61, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is SLG a good diversifier for KRC?
Only partially. A correlation of 0.77 means KRC and SLG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 mean?
On the −1 to +1 scale, 0.77 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/krc-vs-slg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/krc-vs-slg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KRC correlations · SLG correlations
