DHI vs NRT: Correlation
D. R. Horton (DHI) and North European Oil Royality Trust (NRT) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHI and NRT?
Over the past 3 years, DHI and NRT moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -387.7 %².
Within DHI's tracked universe of 31 assets, NRT comes in at #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NRT outperformed by 97.4 percentage points (-12.2% for DHI against +85.2% for NRT). Note the risk asymmetry: NRT runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DHI vs NRT: side by side
| DHI (D. R. Horton) | NRT (North European Oil Royality Trust) | |
|---|---|---|
| 1-year return | -12.2% | +85.2% |
| 5-year return | +59.2% | +131.5% |
| Volatility (ann.) | 33.5% | 51.6% |
| Beta vs S&P 500 | 0.79 | -0.42 |
| Max drawdown (3Y) | -41.3% | -66.1% |
| Market cap | $40.6B | $0.1B |
| P/E (trailing) | 14.2 | 8.4 |
| Dividend yield | 1.17% | 11.95% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DHI | NRT |
|---|---|---|
| 2022 | -16.8% | +41.9% |
| 2023 | +72.1% | -46.5% |
| 2024 | -7.2% | -25.3% |
| 2025 | +4.2% | +88.4% |
| 2026 | +1.8% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHI and NRT good diversifiers for each other?
Yes. With a correlation of -0.22, DHI and NRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DHI and NRT?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.19 over the last year and -0.12 over 5 years.
Is NRT a good diversifier for DHI?
Yes. With a correlation of -0.22, DHI and NRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/dhi-vs-nrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dhi-vs-nrt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DHI correlations · NRT correlations
