CSR vs NXRT: Correlation
How closely do D/B/A Centerspace (CSR) and NexPoint Residential Trust, Inc. (NXRT) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSR and NXRT?
On 3 years of weekly data the CSR/NXRT correlation comes out at 0.62, strong. The past 12 months show a weaker link (0.35) than the 3-year average (0.62). The 5-year figure is 0.66, and annualized covariance runs at 436.8 %².
NXRT is one of the assets that tracks CSR most closely: it ranks #1 out of the 10 assets we track against CSR. Their recent paths diverged sharply: over the last 12 months CSR outperformed by 20.0 percentage points (-4.9% for CSR 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.
CSR vs NXRT: side by side
| CSR (D/B/A Centerspace) | NXRT (NexPoint Residential Trust, Inc.) | |
|---|---|---|
| 1-year return | -4.9% | -24.9% |
| 5-year return | -34.2% | -54.1% |
| Volatility (ann.) | 24.3% | 29.2% |
| Beta vs S&P 500 | 0.65 | 0.83 |
| Max drawdown (3Y) | -26.5% | -45.0% |
| Market cap | $0.9B | $1.2B |
| P/E (trailing) | 41.7 | – |
| Dividend yield | 5.77% | 8.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSR | NXRT |
|---|---|---|
| 2022 | -45.0% | -46.7% |
| 2023 | +4.4% | -17.3% |
| 2024 | +19.1% | +27.3% |
| 2025 | +5.9% | -23.3% |
| 2026 | -19.1% | -18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSR and NXRT good diversifiers for each other?
To a limited degree. At 0.62 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 NXRT?
The CSR/NXRT correlation stands at 0.62 on a 3-year window (1 year: 0.35, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is NXRT a good diversifier for CSR?
To a limited degree. At 0.62 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 0.62 mean?
A reading of 0.62 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/csr-vs-nxrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/csr-vs-nxrt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CSR correlations · NXRT correlations
