CSR vs IRT: Correlation
Measured on weekly returns over the past three years, D/B/A Centerspace (CSR) and Independence Realty Trust, Inc. (IRT) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSR and IRT?
Across a 3-year window, the weekly returns of CSR and IRT correlate at 0.61, strong. The past 12 months show a weaker link (0.42) than the 3-year average (0.61). Stretching to 5 years gives 0.68, with an annualized covariance of 368.8 %².
IRT is one of the assets that tracks CSR most closely: it ranks #2 out of the 10 assets we track against CSR. Neither side won the trailing year by much: -4.9% against -3.5%.
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.
CSR vs IRT: side by side
| CSR (D/B/A Centerspace) | IRT (Independence Realty Trust, Inc.) | |
|---|---|---|
| 1-year return | -4.9% | -3.5% |
| 5-year return | -34.2% | -4.5% |
| Volatility (ann.) | 24.3% | 24.8% |
| Beta vs S&P 500 | 0.65 | 0.74 |
| Max drawdown (3Y) | -26.5% | -29.0% |
| Market cap | $0.9B | $4.0B |
| P/E (trailing) | 41.7 | 91.1 |
| Dividend yield | 5.77% | 4.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSR | IRT |
|---|---|---|
| 2022 | -45.0% | -32.3% |
| 2023 | +4.4% | -5.6% |
| 2024 | +19.1% | +34.3% |
| 2025 | +5.9% | -8.5% |
| 2026 | -19.1% | -4.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSR and IRT good diversifiers for each other?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CSR and IRT?
As of 2026-08-27, the correlation of weekly returns between CSR and IRT is 0.61 over 3 years, 0.42 over 1 year and 0.68 over 5 years.
Is IRT a good diversifier for CSR?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.61 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/csr-vs-irt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/csr-vs-irt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CSR correlations · IRT correlations
