KRG vs UE: Correlation
Measured on weekly returns over the past three years, Kite Realty Group Trust (KRG) and Urban Edge Properties (UE) carry a correlation of 0.86, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRG and UE?
Over the past 3 years, KRG and UE moved with a correlation of 0.86, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.85 over 1 year against 0.86 over 3. Over 5 years the correlation is 0.85, and the annualized covariance of weekly returns is 432.0 %².
In KRG's tracked universe of 21 assets, UE sits right near the top at #2. On 12-month performance KRG holds a 13.8-point edge, +20.7% against +6.9%.
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 UE: side by side
| KRG (Kite Realty Group Trust) | UE (Urban Edge Properties) | |
|---|---|---|
| 1-year return | +20.7% | +6.9% |
| 5-year return | +61.5% | +37.5% |
| Volatility (ann.) | 21.6% | 23.3% |
| Beta vs S&P 500 | 0.58 | 0.70 |
| Max drawdown (3Y) | -29.1% | -29.7% |
| Market cap | $5.3B | $2.9B |
| P/E (trailing) | 16.5 | 40.2 |
| Dividend yield | 4.34% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRG | UE |
|---|---|---|
| 2022 | +0.8% | -22.8% |
| 2023 | +13.6% | +35.3% |
| 2024 | +15.5% | +21.7% |
| 2025 | -0.2% | -7.2% |
| 2026 | +12.9% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRG and UE good diversifiers for each other?
No: a correlation of 0.86 means KRG and UE tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between KRG and UE?
Using weekly returns as of 2026-08-27: 0.86 over 3 years, with 0.85 over the last year and 0.85 over 5 years.
Is UE a good diversifier for KRG?
No: a correlation of 0.86 means KRG and UE tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.86 mean?
On the −1 to +1 scale, 0.86 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-ue.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/krg-vs-ue/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KRG correlations · UE correlations
