AWP vs JRS: Correlation
abrdn Global Premier Properties Fund (AWP) and Nuveen Real Estate Income Fund (JRS) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWP and JRS?
Over the past 3 years, AWP and JRS moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. Over 5 years the correlation is 0.86, and the annualized covariance of weekly returns is 403.7 %².
JRS is one of the assets that tracks AWP most closely: it ranks #3 out of the 16 assets we track against AWP. Their 12-month results are close: +10.1% for AWP against +14.4% for JRS.
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.
AWP vs JRS: side by side
| AWP (abrdn Global Premier Properties Fund) | JRS (Nuveen Real Estate Income Fund) | |
|---|---|---|
| 1-year return | +10.1% | +14.4% |
| 5-year return | +2.9% | +13.5% |
| Volatility (ann.) | 23.0% | 21.1% |
| Beta vs S&P 500 | 0.73 | 0.79 |
| Max drawdown (3Y) | -23.1% | -25.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | 6.6 | – |
| Dividend yield | 12.21% | 8.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AWP | JRS |
|---|---|---|
| 2022 | -37.1% | -35.6% |
| 2023 | +12.6% | +13.4% |
| 2024 | +12.2% | +19.7% |
| 2025 | +12.4% | -3.4% |
| 2026 | +10.1% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWP and JRS good diversifiers for each other?
No: a correlation of 0.83 means AWP and JRS tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AWP and JRS?
As of 2026-08-27, the correlation of weekly returns between AWP and JRS is 0.83 over 3 years, 0.76 over 1 year and 0.86 over 5 years.
Is JRS a good diversifier for AWP?
No: a correlation of 0.83 means AWP and JRS tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.83 mean?
A reading of 0.83 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/awp-vs-jrs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/awp-vs-jrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AWP correlations · JRS correlations
