EVER vs NXRT: Correlation
Measured on weekly returns over the past three years, EverQuote, Inc. (EVER) and NexPoint Residential Trust, Inc. (NXRT) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVER and NXRT?
Across a 3-year window, the weekly returns of EVER and NXRT correlate at 0.45, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.28 versus 0.45 over 3 years. Stretching to 5 years gives 0.28, with an annualized covariance of 796.5 %².
Within EVER's tracked universe of 11 assets, NXRT comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EVER ahead by 29.7 points (+4.8% versus -24.9%). One caveat on sizing: EVER is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EVER vs NXRT: side by side
| EVER (EverQuote, Inc.) | NXRT (NexPoint Residential Trust, Inc.) | |
|---|---|---|
| 1-year return | +4.8% | -24.9% |
| 5-year return | +31.1% | -54.1% |
| Volatility (ann.) | 60.8% | 29.2% |
| Beta vs S&P 500 | 1.22 | 0.83 |
| Max drawdown (3Y) | -52.0% | -45.0% |
| Market cap | $0.9B | $1.2B |
| P/E (trailing) | 8.5 | – |
| Dividend yield | 0.00% | 8.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVER | NXRT |
|---|---|---|
| 2022 | -5.9% | -46.7% |
| 2023 | -17.0% | -17.3% |
| 2024 | +63.3% | +27.3% |
| 2025 | +35.1% | -23.3% |
| 2026 | -8.1% | -18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVER and NXRT good diversifiers for each other?
Reasonably. At 0.45, EVER and NXRT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EVER and NXRT?
The EVER/NXRT correlation stands at 0.45 on a 3-year window (1 year: 0.28, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is NXRT a good diversifier for EVER?
Reasonably. At 0.45, EVER and NXRT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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/ever-vs-nxrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ever-vs-nxrt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EVER correlations · NXRT correlations
