ACR vs NLY: Correlation
How closely do ACRES Commercial Realty Corp. (ACR) and Annaly Capital Management Inc. (NLY) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACR and NLY?
Across a 3-year window, the weekly returns of ACR and NLY correlate at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.38 over 3 years. Stretching to 5 years gives 0.37, with an annualized covariance of 285.2 %².
In ACR's tracked universe of 13 assets, NLY sits right near the top at #1. The last year tells two different stories: NLY led by 57.8 percentage points, -32.4% for ACR against +25.4% for NLY.
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.
ACR vs NLY: side by side
| ACR (ACRES Commercial Realty Corp.) | NLY (Annaly Capital Management Inc.) | |
|---|---|---|
| 1-year return | -32.4% | +25.4% |
| 5-year return | -14.8% | +30.4% |
| Volatility (ann.) | 32.9% | 22.9% |
| Beta vs S&P 500 | 0.30 | 0.81 |
| Max drawdown (3Y) | -41.3% | -26.3% |
| Market cap | $0.1B | $17.4B |
| P/E (trailing) | – | 5.6 |
| Dividend yield | 0.00% | 12.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACR | NLY |
|---|---|---|
| 2022 | -33.8% | -21.4% |
| 2023 | +16.5% | +4.9% |
| 2024 | +67.9% | +8.1% |
| 2025 | +32.1% | +40.0% |
| 2026 | -33.9% | +10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACR and NLY good diversifiers for each other?
Reasonably. At 0.38, ACR and NLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACR and NLY?
As of 2026-08-27, the correlation of weekly returns between ACR and NLY is 0.38 over 3 years, 0.19 over 1 year and 0.37 over 5 years.
Is NLY a good diversifier for ACR?
Reasonably. At 0.38, ACR and NLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acr-vs-nly.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acr-vs-nly/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACR correlations · NLY correlations
