REG vs T: Correlation
Measured on weekly returns over the past three years, Regency Centers (REG) and AT&T (T) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REG and T?
On 3 years of weekly data the REG/T correlation comes out at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 146.8 %².
By 3-year correlation, T places #28 of the 41 assets tracked against REG. Correlation aside, the last 12 months split them widely, with REG ahead by 16.8 points (+8.4% versus -8.4%). On a rolling one-year basis the correlation drifted between 0.23 and 0.56, a moderate band.
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.
REG vs T: side by side
| REG (Regency Centers) | T (AT&T) | |
|---|---|---|
| 1-year return | +8.4% | -8.4% |
| 5-year return | +35.2% | +67.2% |
| Volatility (ann.) | 17.8% | 22.4% |
| Beta vs S&P 500 | 0.34 | 0.05 |
| Max drawdown (3Y) | -15.1% | -28.9% |
| Market cap | $14.1B | $174.3B |
| P/E (trailing) | 25.5 | 8.4 |
| Dividend yield | 3.89% | 4.29% |
| Sector / category | Real Estate | Communication Services |
Year-by-year returns
| Year | REG | T |
|---|---|---|
| 2022 | -13.6% | +6.5% |
| 2023 | +11.9% | -2.7% |
| 2024 | +14.9% | +44.1% |
| 2025 | -2.8% | +14.0% |
| 2026 | +11.4% | +6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REG and T good diversifiers for each other?
Reasonably. At 0.37, REG and T keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between REG and T?
As of 2026-08-27, the correlation of weekly returns between REG and T is 0.37 over 3 years, 0.30 over 1 year and 0.35 over 5 years.
Is T a good diversifier for REG?
Reasonably. At 0.37, REG and T keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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.
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Related comparisons
Hubs: REG correlations · T correlations
