LAMR vs VNQ: Correlation
Lamar Advertising Company (LAMR) and Vanguard Real Estate ETF (VNQ) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAMR and VNQ?
On 3 years of weekly data the LAMR/VNQ correlation comes out at 0.63, strong. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. The 5-year figure is 0.69, and annualized covariance runs at 256.5 %².
Among the 14 assets we track against LAMR, VNQ ranks #5 by 3-year correlation. The trailing year gives LAMR the advantage: +24.0% versus +10.3%, a 13.7-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.
LAMR vs VNQ: side by side
| LAMR (Lamar Advertising Company) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | +24.0% | +10.3% |
| 5-year return | +68.6% | +9.5% |
| Volatility (ann.) | 24.7% | 16.6% |
| Beta vs S&P 500 | 0.90 | 0.59 |
| Max drawdown (3Y) | -23.9% | -17.5% |
| Market cap | $15.3B | – |
| P/E (trailing) | 27.5 | – |
| Dividend yield | 4.15% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | US Listed | ETF · Real Estate |
VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | LAMR | VNQ |
|---|---|---|
| 2022 | -18.0% | -26.3% |
| 2023 | +18.6% | +11.9% |
| 2024 | +20.0% | +4.8% |
| 2025 | +9.7% | +3.2% |
| 2026 | +21.7% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
LAMR represents 0.72% of VNQ's portfolio, so part of any move in VNQ is LAMR itself, and the correlation between them is partly mechanical.
Are LAMR and VNQ good diversifiers for each other?
Only partially. A correlation of 0.63 means LAMR and VNQ 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 LAMR and VNQ?
As of 2026-08-27, the correlation of weekly returns between LAMR and VNQ is 0.63 over 3 years, 0.61 over 1 year and 0.69 over 5 years.
Is VNQ a good diversifier for LAMR?
Only partially. A correlation of 0.63 means LAMR and VNQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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/lamr-vs-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lamr-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LAMR correlations · VNQ correlations
