BIPC vs JRS: Correlation
Measured on weekly returns over the past three years, Brookfield Infrastructure Corporation (BIPC) and Nuveen Real Estate Income Fund (JRS) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIPC and JRS?
Over the past 3 years, BIPC and JRS moved with a correlation of 0.61, which is strong. The link has loosened recently: the 1-year correlation (0.39) runs below the 3-year figure (0.61). Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 390.8 %².
In BIPC's tracked universe of 12 assets, JRS sits right near the top at #3. Over the last 12 months JRS came out ahead by 13.2 percentage points (+1.2% against +14.4%).
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.
BIPC vs JRS: side by side
| BIPC (Brookfield Infrastructure Corporation) | JRS (Nuveen Real Estate Income Fund) | |
|---|---|---|
| 1-year return | +1.2% | +14.4% |
| 5-year return | +13.3% | +13.5% |
| Volatility (ann.) | 30.4% | 21.1% |
| Beta vs S&P 500 | 0.95 | 0.79 |
| Max drawdown (3Y) | -33.7% | -25.3% |
| Market cap | $4.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.47% | 8.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIPC | JRS |
|---|---|---|
| 2022 | -11.9% | -35.6% |
| 2023 | -5.7% | +13.4% |
| 2024 | +18.4% | +19.7% |
| 2025 | +18.3% | -3.4% |
| 2026 | -11.5% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIPC and JRS good diversifiers for each other?
Only partially. A correlation of 0.61 means BIPC and JRS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BIPC and JRS?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.39 over the last year and 0.51 over 5 years.
Is JRS a good diversifier for BIPC?
Only partially. A correlation of 0.61 means BIPC and JRS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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/bipc-vs-jrs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bipc-vs-jrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BIPC correlations · JRS correlations
