SKT vs UE: Correlation
How closely do Tanger Inc. (SKT) and Urban Edge Properties (UE) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SKT and UE?
On 3 years of weekly data the SKT/UE correlation comes out at 0.66, strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. The 5-year figure is 0.68, and annualized covariance runs at 364.8 %².
Within SKT's tracked universe of 11 assets, UE comes in at #5 by 3-year correlation. The trailing year gives SKT the advantage: +14.9% versus +6.9%, a 8.0-point spread.
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 UE: side by side
| SKT (Tanger Inc.) | UE (Urban Edge Properties) | |
|---|---|---|
| 1-year return | +14.9% | +6.9% |
| 5-year return | +178.9% | +37.5% |
| Volatility (ann.) | 23.6% | 23.3% |
| Beta vs S&P 500 | 0.60 | 0.70 |
| Max drawdown (3Y) | -21.0% | -29.7% |
| Market cap | $4.5B | $2.9B |
| P/E (trailing) | 34.6 | 40.2 |
| Dividend yield | 3.18% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SKT | UE |
|---|---|---|
| 2022 | -2.3% | -22.8% |
| 2023 | +62.1% | +35.3% |
| 2024 | +27.7% | +21.7% |
| 2025 | +1.4% | -7.2% |
| 2026 | +15.7% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SKT and UE good diversifiers for each other?
To a limited degree. At 0.66 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 SKT and UE?
The SKT/UE correlation stands at 0.66 on a 3-year window (1 year: 0.63, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is UE a good diversifier for SKT?
To a limited degree. At 0.66 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 0.66 mean?
A reading of 0.66 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/skt-vs-ue.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/skt-vs-ue/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SKT correlations · UE correlations
