AAT vs NODK: Correlation
Measured on weekly returns over the past three years, American Assets Trust, Inc. (AAT) and NI Holdings, Inc. (NODK) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAT and NODK?
Across a 3-year window, the weekly returns of AAT and NODK correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Stretching to 5 years gives 0.36, with an annualized covariance of 247.8 %².
Among the 24 assets we track against AAT, NODK ranks #18 by 3-year correlation. Twelve-month performance is nearly a tie, at +16.2% for AAT and +14.7% for NODK.
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.
AAT vs NODK: side by side
| AAT (American Assets Trust, Inc.) | NODK (NI Holdings, Inc.) | |
|---|---|---|
| 1-year return | +16.2% | +14.7% |
| 5-year return | -24.9% | -21.2% |
| Volatility (ann.) | 26.7% | 22.7% |
| Beta vs S&P 500 | 0.74 | 0.27 |
| Max drawdown (3Y) | -38.0% | -28.4% |
| Market cap | $1.7B | $0.3B |
| P/E (trailing) | 75.0 | 40.1 |
| Dividend yield | 5.98% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAT | NODK |
|---|---|---|
| 2022 | -26.4% | -29.8% |
| 2023 | -9.6% | -2.1% |
| 2024 | +23.3% | +20.9% |
| 2025 | -23.0% | -15.3% |
| 2026 | +22.7% | +14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAT and NODK good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AAT and NODK?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.34 over the last year and 0.36 over 5 years.
Is NODK a good diversifier for AAT?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: AAT correlations · NODK correlations
