CPT vs NXRT: Correlation
How closely do Camden Property Trust (CPT) and NexPoint Residential Trust, Inc. (NXRT) trade together? Their weekly returns over three years give a correlation of 0.76, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPT and NXRT?
Across a 3-year window, the weekly returns of CPT and NXRT correlate at 0.76, strong. The link has loosened recently: the 1-year correlation (0.53) runs below the 3-year figure (0.76). Stretching to 5 years gives 0.75, with an annualized covariance of 469.3 %².
Among the 33 assets we track against CPT, NXRT ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CPT outperformed by 24.5 percentage points (-0.4% for CPT 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.
CPT vs NXRT: side by side
| CPT (Camden Property Trust) | NXRT (NexPoint Residential Trust, Inc.) | |
|---|---|---|
| 1-year return | -0.4% | -24.9% |
| 5-year return | -15.4% | -54.1% |
| Volatility (ann.) | 21.3% | 29.2% |
| Beta vs S&P 500 | 0.55 | 0.83 |
| Max drawdown (3Y) | -21.7% | -45.0% |
| Market cap | $12.2B | $1.2B |
| P/E (trailing) | 35.5 | – |
| Dividend yield | 3.92% | 8.67% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CPT | NXRT |
|---|---|---|
| 2022 | -35.6% | -46.7% |
| 2023 | -7.6% | -17.3% |
| 2024 | +21.3% | +27.3% |
| 2025 | -1.5% | -23.3% |
| 2026 | -2.0% | -18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPT and NXRT good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CPT and NXRT?
The CPT/NXRT correlation stands at 0.76 on a 3-year window (1 year: 0.53, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is NXRT a good diversifier for CPT?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 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/cpt-vs-nxrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cpt-vs-nxrt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPT correlations · NXRT correlations
