MDRR vs REG: Correlation
Measured on weekly returns over the past three years, Medalist Diversified, Inc. (MDRR) and Regency Centers (REG) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDRR and REG?
On 3 years of weekly data the MDRR/REG correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. The 5-year figure is -0.04, and annualized covariance runs at -101.9 %².
Among the 36 assets we track against MDRR, REG ranks #25 by 3-year correlation. Twelve-month performance is nearly a tie, at +4.8% for MDRR and +8.4% for REG. One caveat on sizing: MDRR is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MDRR vs REG: side by side
| MDRR (Medalist Diversified, Inc.) | REG (Regency Centers) | |
|---|---|---|
| 1-year return | +4.8% | +8.4% |
| 5-year return | -31.3% | +35.2% |
| Volatility (ann.) | 28.1% | 17.8% |
| Beta vs S&P 500 | -0.02 | 0.34 |
| Max drawdown (3Y) | -29.5% | -15.1% |
| Market cap | – | $14.1B |
| P/E (trailing) | 3.1 | 25.5 |
| Dividend yield | 2.21% | 3.89% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | MDRR | REG |
|---|---|---|
| 2022 | -37.3% | -13.6% |
| 2023 | -4.0% | +11.9% |
| 2024 | +28.6% | +14.9% |
| 2025 | -5.5% | -2.8% |
| 2026 | -0.7% | +11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDRR and REG good diversifiers for each other?
Yes. With a correlation of -0.20, MDRR and REG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MDRR and REG?
The MDRR/REG correlation stands at -0.20 on a 3-year window (1 year: -0.27, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is REG a good diversifier for MDRR?
Yes. With a correlation of -0.20, MDRR and REG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/mdrr-vs-reg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mdrr-vs-reg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MDRR correlations · REG correlations
