PLD vs UE: Correlation
How closely do Prologis (PLD) and Urban Edge Properties (UE) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLD and UE?
Over the past 3 years, PLD and UE moved with a correlation of 0.70, which is strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.70 over 3. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 423.5 %².
By 3-year correlation, UE places #14 of the 40 assets tracked against PLD. Their recent paths diverged sharply: over the last 12 months PLD outperformed by 23.1 percentage points (+30.0% for PLD against +6.9% for UE).
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.
PLD vs UE: side by side
| PLD (Prologis) | UE (Urban Edge Properties) | |
|---|---|---|
| 1-year return | +30.0% | +6.9% |
| 5-year return | +22.5% | +37.5% |
| Volatility (ann.) | 25.8% | 23.3% |
| Beta vs S&P 500 | 0.90 | 0.70 |
| Max drawdown (3Y) | -31.4% | -29.7% |
| Market cap | $137.9B | $2.9B |
| P/E (trailing) | 31.7 | 40.2 |
| Dividend yield | 2.92% | 3.73% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | PLD | UE |
|---|---|---|
| 2022 | -31.3% | -22.8% |
| 2023 | +21.6% | +35.3% |
| 2024 | -18.1% | +21.7% |
| 2025 | +25.1% | -7.2% |
| 2026 | +12.8% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLD and UE good diversifiers for each other?
To a limited degree. At 0.70 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 PLD and UE?
The PLD/UE correlation stands at 0.70 on a 3-year window (1 year: 0.68, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is UE a good diversifier for PLD?
To a limited degree. At 0.70 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 0.70 mean?
On the −1 to +1 scale, 0.70 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/pld-vs-ue.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pld-vs-ue/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PLD correlations · UE correlations
