SITC vs UE: Correlation
How closely do SITE Centers Corp. (SITC) and Urban Edge Properties (UE) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SITC and UE?
Across a 3-year window, the weekly returns of SITC and UE correlate at 0.56, moderate. The link has loosened recently: the 1-year correlation (0.39) runs below the 3-year figure (0.56). Stretching to 5 years gives 0.69, with an annualized covariance of 327.1 %².
By 3-year correlation, UE places #5 of the 13 assets tracked against SITC. The last year tells two different stories: UE led by 50.1 percentage points, -43.2% for SITC 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.
SITC vs UE: side by side
| SITC (SITE Centers Corp.) | UE (Urban Edge Properties) | |
|---|---|---|
| 1-year return | -43.2% | +6.9% |
| 5-year return | -37.3% | +37.5% |
| Volatility (ann.) | 24.9% | 23.3% |
| Beta vs S&P 500 | 0.73 | 0.70 |
| Max drawdown (3Y) | -59.0% | -29.7% |
| Market cap | $0.2B | $2.9B |
| P/E (trailing) | 1.2 | 40.2 |
| Dividend yield | 0.00% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SITC | UE |
|---|---|---|
| 2022 | -2.2% | -22.8% |
| 2023 | +19.2% | +35.3% |
| 2024 | +0.2% | +21.7% |
| 2025 | -15.1% | -7.2% |
| 2026 | -39.4% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SITC and UE good diversifiers for each other?
To a limited degree. At 0.56 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 SITC and UE?
As of 2026-08-27, the correlation of weekly returns between SITC and UE is 0.56 over 3 years, 0.39 over 1 year and 0.69 over 5 years.
Is UE a good diversifier for SITC?
To a limited degree. At 0.56 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 0.56 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/sitc-vs-ue.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sitc-vs-ue/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SITC correlations · UE correlations
