FCPT vs JRS: Correlation
Four Corners Property Trust, Inc. (FCPT) and Nuveen Real Estate Income Fund (JRS) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCPT and JRS?
On 3 years of weekly data the FCPT/JRS correlation comes out at 0.73, strong. Recent behaviour matches the longer record: 0.63 over 1 year against 0.73 over 3. The 5-year figure is 0.68, and annualized covariance runs at 270.5 %².
Among the 17 assets we track against FCPT, JRS ranks #5 by 3-year correlation. On 12-month performance JRS holds a 10.6-point edge, +3.8% 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.
FCPT vs JRS: side by side
| FCPT (Four Corners Property Trust, Inc.) | JRS (Nuveen Real Estate Income Fund) | |
|---|---|---|
| 1-year return | +3.8% | +14.4% |
| 5-year return | +16.6% | +13.5% |
| Volatility (ann.) | 17.5% | 21.1% |
| Beta vs S&P 500 | 0.32 | 0.79 |
| Max drawdown (3Y) | -20.2% | -25.3% |
| Market cap | $2.8B | – |
| P/E (trailing) | 22.9 | – |
| Dividend yield | 5.75% | 8.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCPT | JRS |
|---|---|---|
| 2022 | -7.2% | -35.6% |
| 2023 | +3.1% | +13.4% |
| 2024 | +13.1% | +19.7% |
| 2025 | -10.1% | -3.4% |
| 2026 | +13.1% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCPT and JRS good diversifiers for each other?
To a limited degree. At 0.73 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 FCPT and JRS?
The FCPT/JRS correlation stands at 0.73 on a 3-year window (1 year: 0.63, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is JRS a good diversifier for FCPT?
To a limited degree. At 0.73 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 0.73 mean?
On the −1 to +1 scale, 0.73 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/fcpt-vs-jrs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fcpt-vs-jrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FCPT correlations · JRS correlations
