NNN vs VICI: Correlation
Measured on weekly returns over the past three years, NNN REIT, Inc. (NNN) and Vici Properties (VICI) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NNN and VICI?
Across a 3-year window, the weekly returns of NNN and VICI correlate at 0.73, strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. Stretching to 5 years gives 0.72, with an annualized covariance of 247.5 %².
Among the 34 assets we track against NNN, VICI ranks #8 by 3-year correlation. The last year tells two different stories: NNN led by 31.8 percentage points, +13.1% for NNN against -18.7% for VICI.
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 VICI: side by side
| NNN (NNN REIT, Inc.) | VICI (Vici Properties) | |
|---|---|---|
| 1-year return | +13.1% | -18.7% |
| 5-year return | +25.1% | +9.9% |
| Volatility (ann.) | 18.8% | 18.0% |
| Beta vs S&P 500 | 0.31 | 0.35 |
| Max drawdown (3Y) | -22.0% | -19.1% |
| Market cap | $8.6B | $28.4B |
| P/E (trailing) | 22.3 | 10.1 |
| Dividend yield | 5.26% | 6.92% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | NNN | VICI |
|---|---|---|
| 2022 | -0.0% | +13.0% |
| 2023 | -0.6% | +3.6% |
| 2024 | -0.1% | -3.1% |
| 2025 | +2.8% | +1.9% |
| 2026 | +19.2% | -5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NNN and VICI good diversifiers for each other?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between NNN and VICI?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.74 over the last year and 0.72 over 5 years.
Is VICI a good diversifier for NNN?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 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/nnn-vs-vici.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nnn-vs-vici/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NNN correlations · VICI correlations
