BX vs NRT: Correlation
Measured on weekly returns over the past three years, Blackstone Inc. (BX) and North European Oil Royality Trust (NRT) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BX and NRT?
On 3 years of weekly data the BX/NRT correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. The 5-year figure is -0.00, and annualized covariance runs at -339.1 %².
Among the 35 assets we track against BX, NRT sits near the bottom by co-movement, at rank #32. The last year tells two different stories: NRT led by 98.1 percentage points, -12.9% for BX against +85.2% for NRT. Risk is not evenly split, since NRT carries 1.5 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.
BX vs NRT: side by side
| BX (Blackstone Inc.) | NRT (North European Oil Royality Trust) | |
|---|---|---|
| 1-year return | -12.9% | +85.2% |
| 5-year return | +37.5% | +131.5% |
| Volatility (ann.) | 34.0% | 51.6% |
| Beta vs S&P 500 | 1.36 | -0.42 |
| Max drawdown (3Y) | -46.5% | -66.1% |
| Market cap | $171.7B | $0.1B |
| P/E (trailing) | 32.1 | 8.4 |
| Dividend yield | 3.65% | 11.95% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BX | NRT |
|---|---|---|
| 2022 | -40.0% | +41.9% |
| 2023 | +82.7% | -46.5% |
| 2024 | +35.1% | -25.3% |
| 2025 | -7.8% | +88.4% |
| 2026 | -3.9% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BX and NRT good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BX and NRT?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.23 over the last year and -0.00 over 5 years.
Is NRT a good diversifier for BX?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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/bx-vs-nrt.json
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Related comparisons
Hubs: BX correlations · NRT correlations
