SKT vs SPG: Correlation
How closely do Tanger Inc. (SKT) and Simon Property Group (SPG) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SKT and SPG?
On 3 years of weekly data the SKT/SPG correlation comes out at 0.71, strong. Recent behaviour matches the longer record: 0.79 over 1 year against 0.71 over 3. The 5-year figure is 0.75, and annualized covariance runs at 381.3 %².
In SKT's tracked universe of 11 assets, SPG sits right near the top at #2. Over the last 12 months SPG came out ahead by 11.4 percentage points (+14.9% against +26.3%).
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.
SKT vs SPG: side by side
| SKT (Tanger Inc.) | SPG (Simon Property Group) | |
|---|---|---|
| 1-year return | +14.9% | +26.3% |
| 5-year return | +178.9% | +110.2% |
| Volatility (ann.) | 23.6% | 22.7% |
| Beta vs S&P 500 | 0.60 | 0.79 |
| Max drawdown (3Y) | -21.0% | -24.3% |
| Market cap | $4.5B | $81.6B |
| P/E (trailing) | 34.6 | 15.2 |
| Dividend yield | 3.18% | 4.05% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | SKT | SPG |
|---|---|---|
| 2022 | -2.3% | -21.9% |
| 2023 | +62.1% | +29.2% |
| 2024 | +27.7% | +26.9% |
| 2025 | +1.4% | +12.9% |
| 2026 | +15.7% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SKT and SPG good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SKT and SPG?
The SKT/SPG correlation stands at 0.71 on a 3-year window (1 year: 0.79, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is SPG a good diversifier for SKT?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 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/skt-vs-spg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/skt-vs-spg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SKT correlations · SPG correlations
