KRG vs UAA: Correlation
Kite Realty Group Trust (KRG) and Under Armour, Inc. (UAA) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRG and UAA?
On 3 years of weekly data the KRG/UAA correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.49 over 3. The 5-year figure is 0.50, and annualized covariance runs at 525.0 %².
By 3-year correlation, UAA places #15 of the 21 assets tracked against KRG. Their recent paths diverged sharply: over the last 12 months KRG outperformed by 20.1 percentage points (+20.7% for KRG against +0.6% for UAA). Risk is not evenly split, since UAA carries 2.3 times the volatility of the other side.
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 UAA: side by side
| KRG (Kite Realty Group Trust) | UAA (Under Armour, Inc.) | |
|---|---|---|
| 1-year return | +20.7% | +0.6% |
| 5-year return | +61.5% | -79.0% |
| Volatility (ann.) | 21.6% | 49.2% |
| Beta vs S&P 500 | 0.58 | 0.99 |
| Max drawdown (3Y) | -29.1% | -62.5% |
| Market cap | $5.3B | $2.2B |
| P/E (trailing) | 16.5 | – |
| Dividend yield | 4.34% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRG | UAA |
|---|---|---|
| 2022 | +0.8% | -52.1% |
| 2023 | +13.6% | -13.5% |
| 2024 | +15.5% | -5.8% |
| 2025 | -0.2% | -40.0% |
| 2026 | +12.9% | +2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRG and UAA good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KRG and UAA?
As of 2026-08-27, the correlation of weekly returns between KRG and UAA is 0.49 over 3 years, 0.56 over 1 year and 0.50 over 5 years.
Is UAA a good diversifier for KRG?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
A reading of 0.49 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-uaa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/krg-vs-uaa/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KRG correlations · UAA correlations
