MAC vs SKT: Correlation
How closely do Macerich Company (The) (MAC) and Tanger Inc. (SKT) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAC and SKT?
Over the past 3 years, MAC and SKT moved with a correlation of 0.68, which is strong. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 585.6 %².
By 3-year correlation, SKT places #6 of the 19 assets tracked against MAC. The last year tells two different stories: MAC led by 19.6 percentage points, +34.5% for MAC against +14.9% for SKT. Risk is not evenly split, since MAC carries 1.6 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.
MAC vs SKT: side by side
| MAC (Macerich Company (The)) | SKT (Tanger Inc.) | |
|---|---|---|
| 1-year return | +34.5% | +14.9% |
| 5-year return | +75.7% | +178.9% |
| Volatility (ann.) | 36.7% | 23.6% |
| Beta vs S&P 500 | 1.22 | 0.60 |
| Max drawdown (3Y) | -39.6% | -21.0% |
| Market cap | $7.1B | $4.5B |
| P/E (trailing) | – | 34.6 |
| Dividend yield | 2.81% | 3.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAC | SKT |
|---|---|---|
| 2022 | -31.6% | -2.3% |
| 2023 | +45.7% | +62.1% |
| 2024 | +34.5% | +27.7% |
| 2025 | -3.7% | +1.4% |
| 2026 | +31.6% | +15.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAC and SKT good diversifiers for each other?
Only partially. A correlation of 0.68 means MAC and SKT 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 MAC and SKT?
The MAC/SKT correlation stands at 0.68 on a 3-year window (1 year: 0.76, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is SKT a good diversifier for MAC?
Only partially. A correlation of 0.68 means MAC and SKT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 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/mac-vs-skt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mac-vs-skt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MAC correlations · SKT correlations
