KRC vs VNO: Correlation
Measured on weekly returns over the past three years, Kilroy Realty Corporation (KRC) and Vornado Realty Trust (VNO) carry a correlation of 0.81, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRC and VNO?
On 3 years of weekly data the KRC/VNO correlation comes out at 0.81, very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.70) runs below the 3-year figure (0.81). The 5-year figure is 0.83, and annualized covariance runs at 1132.6 %².
In KRC's tracked universe of 16 assets, VNO sits right near the top at #3. On 12-month performance VNO holds a 10.4-point edge, -5.3% against +5.1%.
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 VNO: side by side
| KRC (Kilroy Realty Corporation) | VNO (Vornado Realty Trust) | |
|---|---|---|
| 1-year return | -5.3% | +5.1% |
| 5-year return | -26.0% | +8.4% |
| Volatility (ann.) | 35.5% | 39.1% |
| Beta vs S&P 500 | 1.02 | 1.34 |
| Max drawdown (3Y) | -35.3% | -43.9% |
| Market cap | $4.3B | $7.7B |
| P/E (trailing) | 25.8 | 1290.7 |
| Dividend yield | 5.86% | 1.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRC | VNO |
|---|---|---|
| 2022 | -39.2% | -46.7% |
| 2023 | +10.1% | +39.5% |
| 2024 | +7.8% | +51.3% |
| 2025 | -2.0% | -19.1% |
| 2026 | +1.5% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRC and VNO good diversifiers for each other?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between KRC and VNO?
Using weekly returns as of 2026-08-27: 0.81 over 3 years, with 0.70 over the last year and 0.83 over 5 years.
Is VNO a good diversifier for KRC?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.81 mean?
On the −1 to +1 scale, 0.81 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-vno.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/krc-vs-vno/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KRC correlations · VNO correlations
