BRT vs NXRT: Correlation
How closely do BRT Apartments Corp. (MD) (BRT) and NexPoint Residential Trust, Inc. (NXRT) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRT and NXRT?
Across a 3-year window, the weekly returns of BRT and NXRT correlate at 0.65, strong. Lately the two have drifted apart, with the 1-year correlation at 0.50 versus 0.65 over 3 years. Stretching to 5 years gives 0.55, with an annualized covariance of 454.5 %².
Among the 14 assets we track against BRT, NXRT ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BRT outperformed by 21.7 percentage points (-3.2% for BRT against -24.9% for NXRT).
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.
BRT vs NXRT: side by side
| BRT (BRT Apartments Corp. (MD)) | NXRT (NexPoint Residential Trust, Inc.) | |
|---|---|---|
| 1-year return | -3.2% | -24.9% |
| 5-year return | -1.1% | -54.1% |
| Volatility (ann.) | 24.0% | 29.2% |
| Beta vs S&P 500 | 0.68 | 0.83 |
| Max drawdown (3Y) | -27.6% | -45.0% |
| Market cap | $0.3B | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 5.48% | 8.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRT | NXRT |
|---|---|---|
| 2022 | -14.4% | -46.7% |
| 2023 | -0.0% | -17.3% |
| 2024 | +2.7% | +27.3% |
| 2025 | -13.3% | -23.3% |
| 2026 | +1.1% | -18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRT and NXRT good diversifiers for each other?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BRT and NXRT?
As of 2026-08-27, the correlation of weekly returns between BRT and NXRT is 0.65 over 3 years, 0.50 over 1 year and 0.55 over 5 years.
Is NXRT a good diversifier for BRT?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.65 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brt-vs-nxrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brt-vs-nxrt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BRT correlations · NXRT correlations
