REG vs UE: Correlation
Regency Centers (REG) and Urban Edge Properties (UE) show a strong relationship: their 3-year correlation of weekly returns is 0.79.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REG and UE?
Over the past 3 years, REG and UE moved with a correlation of 0.79, which is strong. The relationship has been stable: the 1-year correlation (0.74) sits close to the 3-year figure. Over 5 years the correlation is 0.83, and the annualized covariance of weekly returns is 328.1 %².
Within REG's tracked universe of 41 assets, UE comes in at #6 by 3-year correlation. Their 12-month results are close: +8.4% for REG 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.
REG vs UE: side by side
| REG (Regency Centers) | UE (Urban Edge Properties) | |
|---|---|---|
| 1-year return | +8.4% | +6.9% |
| 5-year return | +35.2% | +37.5% |
| Volatility (ann.) | 17.8% | 23.3% |
| Beta vs S&P 500 | 0.34 | 0.70 |
| Max drawdown (3Y) | -15.1% | -29.7% |
| Market cap | $14.1B | $2.9B |
| P/E (trailing) | 25.5 | 40.2 |
| Dividend yield | 3.89% | 3.73% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | REG | UE |
|---|---|---|
| 2022 | -13.6% | -22.8% |
| 2023 | +11.9% | +35.3% |
| 2024 | +14.9% | +21.7% |
| 2025 | -2.8% | -7.2% |
| 2026 | +11.4% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REG and UE good diversifiers for each other?
To a limited degree. At 0.79 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 REG and UE?
As of 2026-08-27, the correlation of weekly returns between REG and UE is 0.79 over 3 years, 0.74 over 1 year and 0.83 over 5 years.
Is UE a good diversifier for REG?
To a limited degree. At 0.79 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 0.79 mean?
On the −1 to +1 scale, 0.79 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/reg-vs-ue.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/reg-vs-ue/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: REG correlations · UE correlations
