Non-Traded REIT Fodder

Non-traded REIT sponsors use the high correlation of publicly traded REITs to the stock market as a reason to invest in non-traded REITs (since of course non-traded REITs don't trade so they can't correlate with stock market movements).  Below are two graphs I saw over the weekend that show correlations between various asset classes and the S&P 500.  The graphs are from the website The Reformed Broker, which reprinted the data from Factor Advisors.  The correlation of many asset classes has increased over recent years, including traded REITs, giving a twisted credence to a non-traded REIT marketing point.

I suspect we'll be hearing more about the high correlations between the S&P 500 and publicly traded REITs.