DOC vs JRS: Correlation
Healthpeak Properties (DOC) and Nuveen Real Estate Income Fund (JRS) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOC and JRS?
Over the past 3 years, DOC and JRS moved with a correlation of 0.60, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.42 versus 0.60 over 3 years. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 343.6 %².
By 3-year correlation, JRS places #7 of the 35 assets tracked against DOC. Over the last 12 months DOC came out ahead by 12.3 percentage points (+26.7% against +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.
DOC vs JRS: side by side
| DOC (Healthpeak Properties) | JRS (Nuveen Real Estate Income Fund) | |
|---|---|---|
| 1-year return | +26.7% | +14.4% |
| 5-year return | -21.6% | +13.5% |
| Volatility (ann.) | 27.1% | 21.1% |
| Beta vs S&P 500 | 0.53 | 0.79 |
| Max drawdown (3Y) | -26.0% | -25.3% |
| Market cap | $15.0B | – |
| P/E (trailing) | 62.4 | – |
| Dividend yield | 5.65% | 8.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | DOC | JRS |
|---|---|---|
| 2022 | -27.5% | -35.6% |
| 2023 | -16.4% | +13.4% |
| 2024 | +8.8% | +19.7% |
| 2025 | -15.2% | -3.4% |
| 2026 | +37.9% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOC and JRS good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DOC and JRS?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.42 over the last year and 0.65 over 5 years.
Is JRS a good diversifier for DOC?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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/doc-vs-jrs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/doc-vs-jrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOC correlations · JRS correlations
