BEN vs NRT: Correlation
Measured on weekly returns over the past three years, Franklin Resources (BEN) and North European Oil Royality Trust (NRT) carry a correlation of -0.13, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEN and NRT?
Across a 3-year window, the weekly returns of BEN and NRT correlate at -0.13, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.09 lands near the 3-year figure. Stretching to 5 years gives -0.04, with an annualized covariance of -193.0 %².
By 3-year correlation, NRT places #20 of the 28 assets tracked against BEN. Correlation aside, the last 12 months split them widely, with NRT ahead by 42.2 points (+43.0% versus +85.2%). Risk is not evenly split, since NRT carries 1.8 times the volatility of the other side.
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.
BEN vs NRT: side by side
| BEN (Franklin Resources) | NRT (North European Oil Royality Trust) | |
|---|---|---|
| 1-year return | +43.0% | +85.2% |
| 5-year return | +37.6% | +131.5% |
| Volatility (ann.) | 27.9% | 51.6% |
| Beta vs S&P 500 | 1.01 | -0.42 |
| Max drawdown (3Y) | -40.0% | -66.1% |
| Market cap | $17.7B | $0.1B |
| P/E (trailing) | 23.8 | 8.4 |
| Dividend yield | 3.74% | 11.95% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BEN | NRT |
|---|---|---|
| 2022 | -17.5% | +41.9% |
| 2023 | +17.0% | -46.5% |
| 2024 | -27.2% | -25.3% |
| 2025 | +24.8% | +88.4% |
| 2026 | +49.4% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEN and NRT good diversifiers for each other?
Yes: at -0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BEN and NRT?
Using weekly returns as of 2026-08-27: -0.13 over 3 years, with -0.09 over the last year and -0.04 over 5 years.
Is NRT a good diversifier for BEN?
Yes: at -0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.13 mean?
A reading of -0.13 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/ben-vs-nrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ben-vs-nrt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BEN correlations · NRT correlations
