CLPR vs NXDT: Correlation
Measured on weekly returns over the past three years, Clipper Realty Inc. (CLPR) and NexPoint Diversified Real Estate Trust (NXDT) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLPR and NXDT?
Across a 3-year window, the weekly returns of CLPR and NXDT correlate at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 822.9 %².
Among the 12 assets we track against CLPR, NXDT ranks #4 by 3-year correlation. The last year tells two different stories: NXDT led by 74.3 percentage points, -14.6% for CLPR against +59.7% for NXDT.
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 NXDT: side by side
| CLPR (Clipper Realty Inc.) | NXDT (NexPoint Diversified Real Estate Trust) | |
|---|---|---|
| 1-year return | -14.6% | +59.7% |
| 5-year return | -40.2% | -44.2% |
| Volatility (ann.) | 45.5% | 48.6% |
| Beta vs S&P 500 | 0.61 | 0.90 |
| Max drawdown (3Y) | -52.3% | -65.1% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 11.31% | 10.87% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLPR | NXDT |
|---|---|---|
| 2022 | -32.7% | -14.0% |
| 2023 | -9.5% | -24.9% |
| 2024 | -7.9% | -15.0% |
| 2025 | -8.0% | -25.8% |
| 2026 | -3.0% | +51.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPR and NXDT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLPR and NXDT?
As of 2026-08-27, the correlation of weekly returns between CLPR and NXDT is 0.37 over 3 years, 0.34 over 1 year and 0.33 over 5 years.
Is NXDT a good diversifier for CLPR?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/clpr-vs-nxdt.json
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[](https://www.pairbook.io/pair/clpr-vs-nxdt/)
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Related comparisons
Hubs: CLPR correlations · NXDT correlations
