KRG vs MPT: Correlation
Measured on weekly returns over the past three years, Kite Realty Group Trust (KRG) and Medical Properties Trust, Inc. (MPT) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRG and MPT?
Across a 3-year window, the weekly returns of KRG and MPT correlate at 0.51, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.33 versus 0.51 over 3 years. Stretching to 5 years gives 0.49, with an annualized covariance of 589.9 %².
Within KRG's tracked universe of 21 assets, MPT comes in at #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KRG ahead by 22.8 points (+20.7% versus -2.1%). Note the risk asymmetry: MPT runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
KRG vs MPT: side by side
| KRG (Kite Realty Group Trust) | MPT (Medical Properties Trust, Inc.) | |
|---|---|---|
| 1-year return | +20.7% | -2.1% |
| 5-year return | +61.5% | -69.8% |
| Volatility (ann.) | 21.6% | 53.6% |
| Beta vs S&P 500 | 0.58 | 1.05 |
| Max drawdown (3Y) | -29.1% | -55.9% |
| Market cap | $5.3B | $2.4B |
| P/E (trailing) | 16.5 | – |
| Dividend yield | 4.34% | 8.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRG | MPT |
|---|---|---|
| 2022 | +0.8% | -49.0% |
| 2023 | +13.6% | -50.3% |
| 2024 | +15.5% | -11.5% |
| 2025 | -0.2% | +35.2% |
| 2026 | +12.9% | -16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRG and MPT good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between KRG and MPT?
As of 2026-08-27, the correlation of weekly returns between KRG and MPT is 0.51 over 3 years, 0.33 over 1 year and 0.49 over 5 years.
Is MPT a good diversifier for KRG?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/krg-vs-mpt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/krg-vs-mpt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KRG correlations · MPT correlations
