ARE vs. KRC
ARE (Alexandria Real Estate Equities, Inc.) and KRC (Kilroy Realty Corporation) are both stocks. Both operate in the REIT - Office industry within the Real Estate sector. Over the past 10 years, ARE returned -2.93%/yr vs -1.19%/yr for KRC. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
ARE vs. KRC - Performance Comparison
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Returns By Period
In the year-to-date period, ARE achieves a 7.10% return, which is significantly higher than KRC's 1.48% return. Over the past 10 years, ARE has underperformed KRC with an annualized return of -2.93%, while KRC has yielded a comparatively higher -1.19% annualized return.
ARE
- 1D
- 1.71%
- 1M
- 6.68%
- YTD
- 7.10%
- 6M
- 10.65%
- 1Y
- -24.54%
- 3Y*
- -17.88%
- 5Y*
- -19.03%
- 10Y*
- -2.93%
KRC
- 1D
- 0.54%
- 1M
- 9.51%
- YTD
- 1.48%
- 6M
- 2.45%
- 1Y
- 13.08%
- 3Y*
- 17.00%
- 5Y*
- -7.30%
- 10Y*
- -1.19%
ARE vs. KRC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARE Alexandria Real Estate Equities, Inc. | 7.10% | -46.60% | -19.44% | -9.11% | -32.62% | 28.09% | 13.27% | 44.04% | -8.97% | 20.95% |
KRC Kilroy Realty Corporation | 1.48% | -2.00% | 7.81% | 10.09% | -39.25% | 19.30% | -29.18% | 36.76% | -13.54% | 4.28% |
Correlation
The correlation between ARE and KRC is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 28, 1997 | 0.61 |
The correlation between ARE and KRC shifts across timeframes, from 0.48 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ARE:
-$8.32
KRC:
$2.32
ARE:
2.27
KRC:
3.97
ARE:
$2.90B
KRC:
$1.11B
ARE:
$1.98B
KRC:
$745.51M
ARE:
$646.49M
KRC:
$808.51M
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Return for Risk
ARE vs. KRC — Risk / Return Rank
ARE
KRC
ARE vs. KRC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alexandria Real Estate Equities, Inc. (ARE) and Kilroy Realty Corporation (KRC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ARE | KRC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.10 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 0.37 | -0.85 |
| Martin ratioReturn relative to average drawdown | -0.74 | 0.78 | -1.53 |
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Drawdowns
ARE vs. KRC - Drawdown Comparison
The maximum ARE drawdown since its inception was -77.92%, roughly equal to the maximum KRC drawdown of -81.27%. Use the drawdown chart below to compare losses from any high point for ARE and KRC.
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Drawdown Indicators
| ARE | KRC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.92% | -81.27% | +3.35% |
Max Drawdown (1Y)Largest decline over 1 year | -51.61% | -35.32% | -16.29% |
Max Drawdown (3Y)Largest decline over 3 years | -65.64% | -35.32% | -30.32% |
Max Drawdown (5Y)Largest decline over 5 years | -77.92% | -64.91% | -13.01% |
Max Drawdown (10Y)Largest decline over 10 years | -77.92% | -66.55% | -11.37% |
Current DrawdownCurrent decline from peak | -71.81% | -42.42% | -29.39% |
Average DrawdownAverage peak-to-trough decline | -17.79% | -23.44% | +5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.06% | 16.76% | +16.30% |
Volatility
ARE vs. KRC - Volatility Comparison
Alexandria Real Estate Equities, Inc. (ARE) has a higher volatility of 14.16% compared to Kilroy Realty Corporation (KRC) at 8.89%. This indicates that ARE's price experiences larger fluctuations and is considered to be riskier than KRC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARE | KRC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.16% | 8.89% | +5.27% |
Volatility (6M)Calculated over the trailing 6-month period | 31.52% | 23.01% | +8.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.50% | 28.22% | +16.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.13% | 34.04% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.32% | 31.65% | -2.33% |
Dividends
ARE vs. KRC - Dividend Comparison
ARE's dividend yield for the trailing twelve months is around 7.91%, more than KRC's 5.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARE Alexandria Real Estate Equities, Inc. | 7.91% | 9.56% | 5.32% | 3.91% | 3.24% | 2.01% | 2.38% | 2.48% | 3.24% | 2.64% | 2.91% | 3.38% |
KRC Kilroy Realty Corporation | 5.81% | 5.78% | 5.34% | 5.42% | 5.48% | 3.07% | 3.43% | 2.28% | 2.85% | 2.21% | 4.61% | 2.21% |
Financials
ARE vs. KRC - Financials Comparison
This section allows you to compare key financial metrics between Alexandria Real Estate Equities, Inc. and Kilroy Realty Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ARE vs. KRC - Profitability Comparison
ARE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alexandria Real Estate Equities, Inc. reported a gross profit of 446.88M and revenue of 671.02M. Therefore, the gross margin over that period was 66.6%.
KRC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kilroy Realty Corporation reported a gross profit of 181.91M and revenue of 272.22M. Therefore, the gross margin over that period was 66.8%.
ARE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alexandria Real Estate Equities, Inc. reported an operating income of 412.20M and revenue of 671.02M, resulting in an operating margin of 61.4%.
KRC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kilroy Realty Corporation reported an operating income of 67.76M and revenue of 272.22M, resulting in an operating margin of 24.9%.
ARE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alexandria Real Estate Equities, Inc. reported a net income of 358.87M and revenue of 671.02M, resulting in a net margin of 53.5%.
KRC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kilroy Realty Corporation reported a net income of 12.42M and revenue of 272.22M, resulting in a net margin of 4.6%.
Frequently Asked Questions
ARE and KRC have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARE has higher volatility (14.16%) compared to KRC (8.89%). In terms of maximum drawdown, ARE dropped -77.92% vs KRC's -81.27%.
KRC currently has the higher Sharpe Ratio (0.47 vs -0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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