NNN vs REG: Correlation
Measured on weekly returns over the past three years, NNN REIT, Inc. (NNN) and Regency Centers (REG) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NNN and REG?
Over the past 3 years, NNN and REG moved with a correlation of 0.69, which is strong. Recent behaviour matches the longer record: 0.78 over 1 year against 0.69 over 3. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 229.7 %².
Among the 34 assets we track against NNN, REG ranks #10 by 3-year correlation. Twelve-month performance is nearly a tie, at +13.1% for NNN and +8.4% for REG.
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.
NNN vs REG: side by side
| NNN (NNN REIT, Inc.) | REG (Regency Centers) | |
|---|---|---|
| 1-year return | +13.1% | +8.4% |
| 5-year return | +25.1% | +35.2% |
| Volatility (ann.) | 18.8% | 17.8% |
| Beta vs S&P 500 | 0.31 | 0.34 |
| Max drawdown (3Y) | -22.0% | -15.1% |
| Market cap | $8.6B | $14.1B |
| P/E (trailing) | 22.3 | 25.5 |
| Dividend yield | 5.26% | 3.89% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | NNN | REG |
|---|---|---|
| 2022 | -0.0% | -13.6% |
| 2023 | -0.6% | +11.9% |
| 2024 | -0.1% | +14.9% |
| 2025 | +2.8% | -2.8% |
| 2026 | +19.2% | +11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NNN and REG good diversifiers for each other?
Only partially. A correlation of 0.69 means NNN and REG 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 NNN and REG?
As of 2026-08-27, the correlation of weekly returns between NNN and REG is 0.69 over 3 years, 0.78 over 1 year and 0.71 over 5 years.
Is REG a good diversifier for NNN?
Only partially. A correlation of 0.69 means NNN and REG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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
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Related comparisons
Hubs: NNN correlations · REG correlations
