KRG vs SPG: Correlation
How closely do Kite Realty Group Trust (KRG) and Simon Property Group (SPG) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRG and SPG?
On 3 years of weekly data the KRG/SPG correlation comes out at 0.70, strong. The relationship has been stable: the 1-year correlation (0.78) sits close to the 3-year figure. The 5-year figure is 0.74, and annualized covariance runs at 344.9 %².
Within KRG's tracked universe of 21 assets, SPG comes in at #11 by 3-year correlation. On 12-month performance SPG holds a 5.6-point edge, +20.7% against +26.3%.
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 SPG: side by side
| KRG (Kite Realty Group Trust) | SPG (Simon Property Group) | |
|---|---|---|
| 1-year return | +20.7% | +26.3% |
| 5-year return | +61.5% | +110.2% |
| Volatility (ann.) | 21.6% | 22.7% |
| Beta vs S&P 500 | 0.58 | 0.79 |
| Max drawdown (3Y) | -29.1% | -24.3% |
| Market cap | $5.3B | $81.6B |
| P/E (trailing) | 16.5 | 15.2 |
| Dividend yield | 4.34% | 4.05% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | KRG | SPG |
|---|---|---|
| 2022 | +0.8% | -21.9% |
| 2023 | +13.6% | +29.2% |
| 2024 | +15.5% | +26.9% |
| 2025 | -0.2% | +12.9% |
| 2026 | +12.9% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRG and SPG good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between KRG and SPG?
As of 2026-08-27, the correlation of weekly returns between KRG and SPG is 0.70 over 3 years, 0.78 over 1 year and 0.74 over 5 years.
Is SPG a good diversifier for KRG?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
A reading of 0.70 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/krg-vs-spg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/krg-vs-spg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KRG correlations · SPG correlations
