O vs VICI: Correlation
Realty Income (O) and Vici Properties (VICI) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are O and VICI?
Across a 3-year window, the weekly returns of O and VICI correlate at 0.69, strong. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. Stretching to 5 years gives 0.70, with an annualized covariance of 214.0 %².
By 3-year correlation, VICI places #6 of the 44 assets tracked against O. Their recent paths diverged sharply: over the last 12 months O outperformed by 30.0 percentage points (+11.3% for O against -18.7% for VICI). Stability stands out here, with the rolling one-year correlation confined to 0.55 through 0.79.
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.
O vs VICI: side by side
| O (Realty Income) | VICI (Vici Properties) | |
|---|---|---|
| 1-year return | +11.3% | -18.7% |
| 5-year return | +14.5% | +9.9% |
| Volatility (ann.) | 17.3% | 18.0% |
| Beta vs S&P 500 | 0.21 | 0.35 |
| Max drawdown (3Y) | -19.3% | -19.1% |
| Market cap | $58.5B | $28.4B |
| P/E (trailing) | 45.4 | 10.1 |
| Dividend yield | 5.20% | 6.92% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | O | VICI |
|---|---|---|
| 2022 | -7.4% | +13.0% |
| 2023 | -4.5% | +3.6% |
| 2024 | -2.1% | -3.1% |
| 2025 | +12.2% | +1.9% |
| 2026 | +13.0% | -5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are O and VICI good diversifiers for each other?
To a limited degree. At 0.69 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 O and VICI?
As of 2026-08-27, the correlation of weekly returns between O and VICI is 0.69 over 3 years, 0.67 over 1 year and 0.70 over 5 years.
Is VICI a good diversifier for O?
To a limited degree. At 0.69 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 0.69 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/o-vs-vici.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/o-vs-vici/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: O correlations · VICI correlations
