SPG vs. K

Last updated Jun 6, 2026

SPG (Simon Property Group, Inc.) and K (Kellogg Company) are both stocks. SPG operates in REIT - Retail (Real Estate), while K operates in Packaged Foods (Consumer Defensive). At a 0.22 correlation, their price movements are largely independent.

Performance

SPG vs. K - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simon Property Group, Inc. (SPG) and Kellogg Company (K). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPG

• 1D: 1.98%
• 1M: 4.05%
• YTD: 14.92%
• 6M: 17.96%
• 1Y: 36.20%
• 3Y*: 31.18%
• 5Y*: 15.72%
• 10Y*: 5.73%

K

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPG vs. K - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPG Simon Property Group, Inc.	14.92%	12.94%	26.92%	29.24%	-21.91%	95.72%	-38.64%	-6.74%	2.55%	0.98%
K Kellogg Company	0.00%	5.99%	49.75%	-7.44%	14.35%	7.44%	-6.78%	26.08%	-13.32%	-4.93%

Correlation

The correlation between SPG and K is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Dec 15, 1993	0.22

Fundamentals

EPS SPG : $17.14 K : $3.65
PE Ratio SPG : 12.27 K : 22.87
PEG Ratio SPG : 0.49 K : 3.84
PS Ratio SPG : 7.75 K : 2.30
Total Revenue (TTM) SPG : $6.65B K : $12.67B
Gross Profit (TTM) SPG : $5.71B K : $4.41B
EBITDA (TTM) SPG : $7.77B K : $2.25B

Return for Risk

SPG vs. K — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPG

SPG Risk / Return Rank: 87
SPG Sharpe Ratio Rank: 88
SPG Sortino Ratio Rank: 87
SPG Omega Ratio Rank: 84
SPG Calmar Ratio Rank: 84
SPG Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPG vs. K - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simon Property Group, Inc. (SPG) and Kellogg Company (K). 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.

	SPG	K	Difference
Sharpe ratio: Return per unit of total volatility	2.04	—	—
Sortino ratio: Return per unit of downside risk	2.91	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	3.25	—	—
Martin ratio: Return relative to average drawdown	11.71	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SPG	K	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	—	—

Drawdowns

Drawdown Indicators

	SPG	K	Difference
Max Drawdown Largest peak-to-trough decline	-77.00%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.54%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.32%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-77.00%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-13.84%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	—	—

Volatility

Volatility by Period

	SPG	K	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.71%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.36%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.50%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.06%	—	—

Dividends

SPG vs. K - Dividend Comparison

SPG's dividend yield for the trailing twelve months is around 4.11%, more than K's 1.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
K Kellogg Company	1.39%	2.76%	2.79%	10.56%	3.28%	3.59%	3.66%	3.27%	3.86%	3.12%	2.77%	2.74%
SPG Simon Property Group, Inc.	4.11%	4.62%	4.70%	5.22%	5.87%	3.66%	7.04%	5.57%	4.70%	4.16%	3.66%	3.11%

Financials

SPG vs. K - Profitability Comparison

The chart below illustrates the profitability comparison between Simon Property Group, Inc. and Kellogg Company over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SPG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Simon Property Group, Inc. reported a gross profit of 1.45B and revenue of 1.76B. Therefore, the gross margin over that period was 82.5%.

K - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kellogg Company reported a gross profit of 1.08B and revenue of 3.26B. Therefore, the gross margin over that period was 33.3%.

SPG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Simon Property Group, Inc. reported an operating income of 762.16M and revenue of 1.76B, resulting in an operating margin of 43.4%.

K - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kellogg Company reported an operating income of 452.00M and revenue of 3.26B, resulting in an operating margin of 13.9%.

SPG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Simon Property Group, Inc. reported a net income of 1.48K and revenue of 1.76B, resulting in a net margin of 0.0%.

K - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kellogg Company reported a net income of 309.00M and revenue of 3.26B, resulting in a net margin of 9.5%.

Frequently Asked Questions

Can I hold both SPG and K in my portfolio?

SPG and K have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.