CSR vs JRS: Correlation
Measured on weekly returns over the past three years, D/B/A Centerspace (CSR) and Nuveen Real Estate Income Fund (JRS) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSR and JRS?
Across a 3-year window, the weekly returns of CSR and JRS correlate at 0.55, moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.55). Stretching to 5 years gives 0.61, with an annualized covariance of 283.0 %².
Within CSR's tracked universe of 10 assets, JRS comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JRS ahead by 19.3 points (-4.9% versus +14.4%).
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 JRS: side by side
| CSR (D/B/A Centerspace) | JRS (Nuveen Real Estate Income Fund) | |
|---|---|---|
| 1-year return | -4.9% | +14.4% |
| 5-year return | -34.2% | +13.5% |
| Volatility (ann.) | 24.3% | 21.1% |
| Beta vs S&P 500 | 0.65 | 0.79 |
| Max drawdown (3Y) | -26.5% | -25.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | 41.7 | – |
| Dividend yield | 5.77% | 8.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSR | JRS |
|---|---|---|
| 2022 | -45.0% | -35.6% |
| 2023 | +4.4% | +13.4% |
| 2024 | +19.1% | +19.7% |
| 2025 | +5.9% | -3.4% |
| 2026 | -19.1% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSR and JRS good diversifiers for each other?
To a limited degree. At 0.55 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 JRS?
The CSR/JRS correlation stands at 0.55 on a 3-year window (1 year: 0.35, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is JRS a good diversifier for CSR?
To a limited degree. At 0.55 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 0.55 mean?
On the −1 to +1 scale, 0.55 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/csr-vs-jrs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/csr-vs-jrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CSR correlations · JRS correlations
