BUD vs NNN: Correlation
How closely do Anheuser-Busch Inbev SA Sponsored ADR (Belgium) (BUD) and NNN REIT, Inc. (NNN) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUD and NNN?
Over the past 3 years, BUD and NNN moved with a correlation of 0.51, which is moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 258.0 %².
Few assets follow BUD as closely as NNN, which ranks #3 of 15 tracked partners. Over the last 12 months BUD came out ahead by 14.7 percentage points (+27.8% against +13.1%).
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.
BUD vs NNN: side by side
| BUD (Anheuser-Busch Inbev SA Sponsored ADR (Belgium)) | NNN (NNN REIT, Inc.) | |
|---|---|---|
| 1-year return | +27.8% | +13.1% |
| 5-year return | +39.0% | +25.1% |
| Volatility (ann.) | 26.7% | 18.8% |
| Beta vs S&P 500 | 0.38 | 0.31 |
| Max drawdown (3Y) | -31.5% | -22.0% |
| Market cap | $155.8B | $8.6B |
| P/E (trailing) | 16.9 | 22.3 |
| Dividend yield | 1.50% | 5.26% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUD | NNN |
|---|---|---|
| 2022 | +0.1% | -0.0% |
| 2023 | +9.0% | -0.6% |
| 2024 | -21.4% | -0.1% |
| 2025 | +30.1% | +2.8% |
| 2026 | +25.4% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUD and NNN good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BUD and NNN?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.58 over the last year and 0.49 over 5 years.
Is NNN a good diversifier for BUD?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 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/bud-vs-nnn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bud-vs-nnn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BUD correlations · NNN correlations
