REG vs TMUS: Correlation
Measured on weekly returns over the past three years, Regency Centers (REG) and T-Mobile US (TMUS) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REG and TMUS?
Over the past 3 years, REG and TMUS moved with a correlation of 0.36, which is moderate. Recent behaviour matches the longer record: 0.27 over 1 year against 0.36 over 3. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 158.1 %².
Within REG's tracked universe of 41 assets, TMUS comes in at #29 by 3-year correlation. Correlation aside, the last 12 months split them widely, with REG ahead by 36.4 points (+8.4% versus -28.0%). Across three years, the rolling one-year figure varied moderately, from 0.22 to 0.59.
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 TMUS: side by side
| REG (Regency Centers) | TMUS (T-Mobile US) | |
|---|---|---|
| 1-year return | +8.4% | -28.0% |
| 5-year return | +35.2% | +34.8% |
| Volatility (ann.) | 17.8% | 24.6% |
| Beta vs S&P 500 | 0.34 | 0.36 |
| Max drawdown (3Y) | -15.1% | -37.1% |
| Market cap | $14.1B | $190.7B |
| P/E (trailing) | 25.5 | 18.8 |
| Dividend yield | 3.89% | 2.27% |
| Sector / category | Real Estate | Communication Services |
Year-by-year returns
| Year | REG | TMUS |
|---|---|---|
| 2022 | -13.6% | +20.7% |
| 2023 | +11.9% | +15.0% |
| 2024 | +14.9% | +39.7% |
| 2025 | -2.8% | -6.6% |
| 2026 | +11.4% | -11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REG and TMUS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between REG and TMUS?
The REG/TMUS correlation stands at 0.36 on a 3-year window (1 year: 0.27, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is TMUS a good diversifier for REG?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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/reg-vs-tmus.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/reg-vs-tmus/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: REG correlations · TMUS correlations
