AVD vs JRI: Correlation
Measured on weekly returns over the past three years, American Vanguard Corporation (AVD) and Nuveen Real Asset Income and Growth Fund (JRI) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVD and JRI?
On 3 years of weekly data the AVD/JRI correlation comes out at 0.39, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.39 over 3. The 5-year figure is 0.34, and annualized covariance runs at 433.6 %².
Within AVD's tracked universe of 10 assets, JRI comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JRI ahead by 64.9 points (-59.6% versus +5.3%). One caveat on sizing: AVD is 3.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AVD vs JRI: side by side
| AVD (American Vanguard Corporation) | JRI (Nuveen Real Asset Income and Growth Fund) | |
|---|---|---|
| 1-year return | -59.6% | +5.3% |
| 5-year return | -85.5% | +31.7% |
| Volatility (ann.) | 64.9% | 17.0% |
| Beta vs S&P 500 | 1.21 | 0.64 |
| Max drawdown (3Y) | -85.7% | -13.7% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | 7.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVD | JRI |
|---|---|---|
| 2022 | +33.1% | -20.8% |
| 2023 | -49.0% | +10.1% |
| 2024 | -57.5% | +16.3% |
| 2025 | -17.5% | +26.8% |
| 2026 | -42.9% | -0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVD and JRI good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVD and JRI?
As of 2026-08-27, the correlation of weekly returns between AVD and JRI is 0.39 over 3 years, 0.46 over 1 year and 0.34 over 5 years.
Is JRI a good diversifier for AVD?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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/avd-vs-jri.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avd-vs-jri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVD correlations · JRI correlations
