BATRA vs NFJ: Correlation
Measured on weekly returns over the past three years, Atlanta Braves Holdings, Inc. - Series A (BATRA) and Virtus Dividend, Interest & Premium Strategy Fund (NFJ) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATRA and NFJ?
On 3 years of weekly data the BATRA/NFJ correlation comes out at 0.47, moderate. The past 12 months show a weaker link (0.34) than the 3-year average (0.47). The 5-year figure is 0.42, and annualized covariance runs at 122.2 %².
Within BATRA's tracked universe of 12 assets, NFJ comes in at #4 by 3-year correlation. On 12-month performance NFJ holds a 13.1-point edge, +17.9% against +31.0%.
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.
BATRA vs NFJ: side by side
| BATRA (Atlanta Braves Holdings, Inc. - Series A) | NFJ (Virtus Dividend, Interest & Premium Strategy Fund) | |
|---|---|---|
| 1-year return | +17.9% | +31.0% |
| 5-year return | +113.7% | +50.8% |
| Volatility (ann.) | 18.8% | 13.8% |
| Beta vs S&P 500 | 0.46 | 0.73 |
| Max drawdown (3Y) | -16.6% | -17.0% |
| Market cap | $3.6B | $1.5B |
| P/E (trailing) | – | 9.8 |
| Dividend yield | 0.00% | 7.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BATRA | NFJ |
|---|---|---|
| 2022 | +13.6% | -23.9% |
| 2023 | +30.9% | +21.3% |
| 2024 | -4.6% | +10.0% |
| 2025 | +4.1% | +12.4% |
| 2026 | +31.2% | +26.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATRA and NFJ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BATRA and NFJ?
The BATRA/NFJ correlation stands at 0.47 on a 3-year window (1 year: 0.34, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is NFJ a good diversifier for BATRA?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/batra-vs-nfj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/batra-vs-nfj/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BATRA correlations · NFJ correlations
