CLPR vs GNL: Correlation
Measured on weekly returns over the past three years, Clipper Realty Inc. (CLPR) and Global Net Lease, Inc. (GNL) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLPR and GNL?
On 3 years of weekly data the CLPR/GNL correlation comes out at 0.35, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.35 over 3 years. The 5-year figure is 0.33, and annualized covariance runs at 458.0 %².
By 3-year correlation, GNL places #5 of the 12 assets tracked against CLPR. Correlation aside, the last 12 months split them widely, with GNL ahead by 42.8 points (-14.6% versus +28.2%). Note the risk asymmetry: CLPR runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CLPR vs GNL: side by side
| CLPR (Clipper Realty Inc.) | GNL (Global Net Lease, Inc.) | |
|---|---|---|
| 1-year return | -14.6% | +28.2% |
| 5-year return | -40.2% | -2.7% |
| Volatility (ann.) | 45.5% | 29.0% |
| Beta vs S&P 500 | 0.61 | 0.50 |
| Max drawdown (3Y) | -52.3% | -35.6% |
| Market cap | $0.1B | $2.1B |
| P/E (trailing) | – | – |
| Dividend yield | 11.31% | 8.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLPR | GNL |
|---|---|---|
| 2022 | -32.7% | -7.5% |
| 2023 | -9.5% | -9.0% |
| 2024 | -7.9% | -15.3% |
| 2025 | -8.0% | +32.4% |
| 2026 | -3.0% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPR and GNL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLPR and GNL?
As of 2026-08-27, the correlation of weekly returns between CLPR and GNL is 0.35 over 3 years, 0.17 over 1 year and 0.33 over 5 years.
Is GNL a good diversifier for CLPR?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 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/clpr-vs-gnl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clpr-vs-gnl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLPR correlations · GNL correlations
