PECO vs REG: Correlation
Measured on weekly returns over the past three years, Phillips Edison & Company, Inc. (PECO) and Regency Centers (REG) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PECO and REG?
Across a 3-year window, the weekly returns of PECO and REG correlate at 0.77, strong. Recent behaviour matches the longer record: 0.80 over 1 year against 0.77 over 3. Stretching to 5 years gives 0.77, with an annualized covariance of 236.3 %².
Within PECO's tracked universe of 12 assets, REG comes in at #4 by 3-year correlation. On 12-month performance PECO holds a 8.6-point edge, +17.0% against +8.4%.
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.
PECO vs REG: side by side
| PECO (Phillips Edison & Company, Inc.) | REG (Regency Centers) | |
|---|---|---|
| 1-year return | +17.0% | +8.4% |
| 5-year return | +53.8% | +35.2% |
| Volatility (ann.) | 17.2% | 17.8% |
| Beta vs S&P 500 | 0.28 | 0.34 |
| Max drawdown (3Y) | -15.8% | -15.1% |
| Market cap | $5.5B | $14.1B |
| P/E (trailing) | 34.4 | 25.5 |
| Dividend yield | 3.25% | 3.89% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | PECO | REG |
|---|---|---|
| 2022 | -0.3% | -13.6% |
| 2023 | +18.5% | +11.9% |
| 2024 | +6.2% | +14.9% |
| 2025 | -1.6% | -2.8% |
| 2026 | +12.7% | +11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PECO and REG good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PECO and REG?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.80 over the last year and 0.77 over 5 years.
Is REG a good diversifier for PECO?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
A reading of 0.77 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/peco-vs-reg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/peco-vs-reg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PECO correlations · REG correlations
