FRT vs JRS: Correlation
Measured on weekly returns over the past three years, Federal Realty Investment Trust (FRT) and Nuveen Real Estate Income Fund (JRS) carry a correlation of 0.76, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRT and JRS?
Over the past 3 years, FRT and JRS moved with a correlation of 0.76, which is strong. Little has changed lately, as the 1-year reading of 0.70 lands near the 3-year figure. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 311.9 %².
Within FRT's tracked universe of 46 assets, JRS comes in at #9 by 3-year correlation. On 12-month performance FRT holds a 7.2-point edge, +21.6% 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.
FRT vs JRS: side by side
| FRT (Federal Realty Investment Trust) | JRS (Nuveen Real Estate Income Fund) | |
|---|---|---|
| 1-year return | +21.6% | +14.4% |
| 5-year return | +18.8% | +13.5% |
| Volatility (ann.) | 19.5% | 21.1% |
| Beta vs S&P 500 | 0.53 | 0.79 |
| Max drawdown (3Y) | -27.4% | -25.3% |
| Market cap | $10.2B | – |
| P/E (trailing) | 23.6 | – |
| Dividend yield | 3.84% | 8.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | FRT | JRS |
|---|---|---|
| 2022 | -22.7% | -35.6% |
| 2023 | +6.6% | +13.4% |
| 2024 | +12.1% | +19.7% |
| 2025 | -5.9% | -3.4% |
| 2026 | +19.7% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRT and JRS good diversifiers for each other?
To a limited degree. At 0.76 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 FRT and JRS?
Using weekly returns as of 2026-08-27: 0.76 over 3 years, with 0.70 over the last year and 0.76 over 5 years.
Is JRS a good diversifier for FRT?
To a limited degree. At 0.76 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 0.76 mean?
A reading of 0.76 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/frt-vs-jrs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/frt-vs-jrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRT correlations · JRS correlations
