PECO vs UE: Correlation
How closely do Phillips Edison & Company, Inc. (PECO) and Urban Edge Properties (UE) trade together? Their weekly returns over three years give a correlation of 0.74, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PECO and UE?
On 3 years of weekly data the PECO/UE correlation comes out at 0.74, strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.74 over 3. The 5-year figure is 0.74, and annualized covariance runs at 297.7 %².
Among the 12 assets we track against PECO, UE ranks #5 by 3-year correlation. On 12-month performance PECO holds a 10.1-point edge, +17.0% against +6.9%.
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 UE: side by side
| PECO (Phillips Edison & Company, Inc.) | UE (Urban Edge Properties) | |
|---|---|---|
| 1-year return | +17.0% | +6.9% |
| 5-year return | +53.8% | +37.5% |
| Volatility (ann.) | 17.2% | 23.3% |
| Beta vs S&P 500 | 0.28 | 0.70 |
| Max drawdown (3Y) | -15.8% | -29.7% |
| Market cap | $5.5B | $2.9B |
| P/E (trailing) | 34.4 | 40.2 |
| Dividend yield | 3.25% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PECO | UE |
|---|---|---|
| 2022 | -0.3% | -22.8% |
| 2023 | +18.5% | +35.3% |
| 2024 | +6.2% | +21.7% |
| 2025 | -1.6% | -7.2% |
| 2026 | +12.7% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PECO and UE good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PECO and UE?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.74 over the last year and 0.74 over 5 years.
Is UE a good diversifier for PECO?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
A reading of 0.74 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-ue.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/peco-vs-ue/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PECO correlations · UE correlations
