UE vs XRN: Correlation
How closely do Urban Edge Properties (UE) and Chiron Real Estate Inc. (XRN) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UE and XRN?
Over the past 3 years, UE and XRN moved with a correlation of 0.62, which is strong. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 428.9 %².
Within UE's tracked universe of 27 assets, XRN comes in at #17 by 3-year correlation. Twelve-month performance is nearly a tie, at +6.9% for UE and +5.9% for XRN.
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.
UE vs XRN: side by side
| UE (Urban Edge Properties) | XRN (Chiron Real Estate Inc.) | |
|---|---|---|
| 1-year return | +6.9% | +5.9% |
| 5-year return | +37.5% | -27.0% |
| Volatility (ann.) | 23.3% | 29.5% |
| Beta vs S&P 500 | 0.70 | 0.62 |
| Max drawdown (3Y) | -29.7% | -39.2% |
| Market cap | $2.9B | $0.5B |
| P/E (trailing) | 40.2 | 10.1 |
| Dividend yield | 3.73% | 6.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UE | XRN |
|---|---|---|
| 2022 | -22.8% | -42.4% |
| 2023 | +35.3% | +27.9% |
| 2024 | +21.7% | -23.6% |
| 2025 | -7.2% | -4.1% |
| 2026 | +13.2% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UE and XRN good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between UE and XRN?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.58 over the last year and 0.65 over 5 years.
Is XRN a good diversifier for UE?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 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/ue-vs-xrn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ue-vs-xrn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: UE correlations · XRN correlations
