ARKR vs NXDT: Correlation
How closely do Ark Restaurants Corp. (ARKR) and NexPoint Diversified Real Estate Trust (NXDT) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKR and NXDT?
On 3 years of weekly data the ARKR/NXDT correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.10) than the 3-year average (-0.22). The 5-year figure is -0.11, and annualized covariance runs at -531.6 %².
Out of 14 assets tracked against ARKR, NXDT lands near the bottom at #12. The last year tells two different stories: NXDT led by 82.5 percentage points, -22.8% for ARKR against +59.7% for NXDT.
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.
ARKR vs NXDT: side by side
| ARKR (Ark Restaurants Corp.) | NXDT (NexPoint Diversified Real Estate Trust) | |
|---|---|---|
| 1-year return | -22.8% | +59.7% |
| 5-year return | -64.1% | -44.2% |
| Volatility (ann.) | 50.4% | 48.6% |
| Beta vs S&P 500 | 0.34 | 0.90 |
| Max drawdown (3Y) | -70.3% | -65.1% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 10.87% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARKR | NXDT |
|---|---|---|
| 2022 | +0.4% | -14.0% |
| 2023 | -11.5% | -24.9% |
| 2024 | -19.8% | -15.0% |
| 2025 | -39.0% | -25.8% |
| 2026 | -21.3% | +51.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKR and NXDT good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ARKR and NXDT?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.10 over the last year and -0.11 over 5 years.
Is NXDT a good diversifier for ARKR?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arkr-vs-nxdt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arkr-vs-nxdt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARKR correlations · NXDT correlations
