BGR vs NTR: Correlation
Measured on weekly returns over the past three years, BlackRock Energy and Resources Trust (BGR) and Nutrien Ltd. (NTR) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGR and NTR?
On 3 years of weekly data the BGR/NTR correlation comes out at 0.55, moderate. Recent behaviour matches the longer record: 0.62 over 1 year against 0.55 over 3. The 5-year figure is 0.46, and annualized covariance runs at 304.9 %².
By 3-year correlation, NTR places #11 of the 19 assets tracked against BGR. On 12-month performance BGR holds a 7.6-point edge, +35.3% against +27.7%.
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.
BGR vs NTR: side by side
| BGR (BlackRock Energy and Resources Trust) | NTR (Nutrien Ltd.) | |
|---|---|---|
| 1-year return | +35.3% | +27.7% |
| 5-year return | +165.0% | +39.5% |
| Volatility (ann.) | 19.7% | 28.2% |
| Beta vs S&P 500 | 0.21 | 0.22 |
| Max drawdown (3Y) | -18.3% | -28.3% |
| Market cap | $0.4B | $34.9B |
| P/E (trailing) | 10.8 | 14.9 |
| Dividend yield | 6.86% | 2.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGR | NTR |
|---|---|---|
| 2022 | +38.9% | -0.7% |
| 2023 | +5.8% | -20.2% |
| 2024 | +8.1% | -17.0% |
| 2025 | +17.3% | +40.8% |
| 2026 | +30.7% | +20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGR and NTR good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BGR and NTR?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.62 over the last year and 0.46 over 5 years.
Is NTR a good diversifier for BGR?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/bgr-vs-ntr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgr-vs-ntr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BGR correlations · NTR correlations
