KRG vs PECO: Correlation
How closely do Kite Realty Group Trust (KRG) and Phillips Edison & Company, Inc. (PECO) trade together? Their weekly returns over three years give a correlation of 0.78, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRG and PECO?
Across a 3-year window, the weekly returns of KRG and PECO correlate at 0.78, strong. Recent behaviour matches the longer record: 0.87 over 1 year against 0.78 over 3. Stretching to 5 years gives 0.71, with an annualized covariance of 289.7 %².
By 3-year correlation, PECO places #7 of the 21 assets tracked against KRG. Neither side won the trailing year by much: +20.7% against +17.0%.
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 PECO: side by side
| KRG (Kite Realty Group Trust) | PECO (Phillips Edison & Company, Inc.) | |
|---|---|---|
| 1-year return | +20.7% | +17.0% |
| 5-year return | +61.5% | +53.8% |
| Volatility (ann.) | 21.6% | 17.2% |
| Beta vs S&P 500 | 0.58 | 0.28 |
| Max drawdown (3Y) | -29.1% | -15.8% |
| Market cap | $5.3B | $5.5B |
| P/E (trailing) | 16.5 | 34.4 |
| Dividend yield | 4.34% | 3.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRG | PECO |
|---|---|---|
| 2022 | +0.8% | -0.3% |
| 2023 | +13.6% | +18.5% |
| 2024 | +15.5% | +6.2% |
| 2025 | -0.2% | -1.6% |
| 2026 | +12.9% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRG and PECO good diversifiers for each other?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between KRG and PECO?
As of 2026-08-27, the correlation of weekly returns between KRG and PECO is 0.78 over 3 years, 0.87 over 1 year and 0.71 over 5 years.
Is PECO a good diversifier for KRG?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.78 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/krg-vs-peco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/krg-vs-peco/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KRG correlations · PECO correlations
