KRG vs REG: Correlation
How closely do Kite Realty Group Trust (KRG) and Regency Centers (REG) trade together? Their weekly returns over three years give a correlation of 0.79, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRG and REG?
Across a 3-year window, the weekly returns of KRG and REG correlate at 0.79, strong. Little has changed lately, as the 1-year reading of 0.81 lands near the 3-year figure. Stretching to 5 years gives 0.83, with an annualized covariance of 304.0 %².
By 3-year correlation, REG places #6 of the 21 assets tracked against KRG. The trailing year gives KRG the advantage: +20.7% versus +8.4%, a 12.3-point spread.
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 REG: side by side
| KRG (Kite Realty Group Trust) | REG (Regency Centers) | |
|---|---|---|
| 1-year return | +20.7% | +8.4% |
| 5-year return | +61.5% | +35.2% |
| Volatility (ann.) | 21.6% | 17.8% |
| Beta vs S&P 500 | 0.58 | 0.34 |
| Max drawdown (3Y) | -29.1% | -15.1% |
| Market cap | $5.3B | $14.1B |
| P/E (trailing) | 16.5 | 25.5 |
| Dividend yield | 4.34% | 3.89% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | KRG | REG |
|---|---|---|
| 2022 | +0.8% | -13.6% |
| 2023 | +13.6% | +11.9% |
| 2024 | +15.5% | +14.9% |
| 2025 | -0.2% | -2.8% |
| 2026 | +12.9% | +11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRG and REG good diversifiers for each other?
Only partially. A correlation of 0.79 means KRG and REG 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 KRG and REG?
Using weekly returns as of 2026-08-27: 0.79 over 3 years, with 0.81 over the last year and 0.83 over 5 years.
Is REG a good diversifier for KRG?
Only partially. A correlation of 0.79 means KRG and REG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.79 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-reg.json
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Related comparisons
Hubs: KRG correlations · REG correlations
