UMH vs VNQ: Correlation
Measured on weekly returns over the past three years, UMH Properties, Inc. (UMH) and Vanguard Real Estate ETF (VNQ) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UMH and VNQ?
Across a 3-year window, the weekly returns of UMH and VNQ correlate at 0.64, strong. Lately the two have drifted apart, with the 1-year correlation at 0.52 versus 0.64 over 3 years. Stretching to 5 years gives 0.69, with an annualized covariance of 218.9 %².
VNQ is one of the assets that tracks UMH most closely: it ranks #3 out of the 11 assets we track against UMH. Their 12-month results are close: +11.0% for UMH against +10.3% for VNQ.
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.
UMH vs VNQ: side by side
| UMH (UMH Properties, Inc.) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | +11.0% | +10.3% |
| 5-year return | -11.7% | +9.5% |
| Volatility (ann.) | 20.7% | 16.6% |
| Beta vs S&P 500 | 0.45 | 0.59 |
| Max drawdown (3Y) | -27.3% | -17.5% |
| Market cap | $1.4B | – |
| P/E (trailing) | 137.5 | – |
| Dividend yield | 5.40% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | US Listed | ETF · Real Estate |
VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | UMH | VNQ |
|---|---|---|
| 2022 | -38.7% | -26.3% |
| 2023 | +0.2% | +11.9% |
| 2024 | +29.6% | +4.8% |
| 2025 | -11.0% | +3.2% |
| 2026 | +8.2% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VNQ holds UMH at a 0.06% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are UMH and VNQ good diversifiers for each other?
Only partially. A correlation of 0.64 means UMH and VNQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between UMH and VNQ?
As of 2026-08-27, the correlation of weekly returns between UMH and VNQ is 0.64 over 3 years, 0.52 over 1 year and 0.69 over 5 years.
Is VNQ a good diversifier for UMH?
Only partially. A correlation of 0.64 means UMH and VNQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 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/umh-vs-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/umh-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: UMH correlations · VNQ correlations
