GILD vs NRT: Correlation
How closely do Gilead Sciences (GILD) and North European Oil Royality Trust (NRT) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GILD and NRT?
Over the past 3 years, GILD and NRT moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.23 over 3. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -282.1 %².
Among the 30 assets we track against GILD, NRT sits near the bottom by co-movement, at rank #29. Correlation aside, the last 12 months split them widely, with NRT ahead by 51.1 points (+34.1% versus +85.2%). Risk is not evenly split, since NRT carries 2.1 times the volatility of the other side.
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.
GILD vs NRT: side by side
| GILD (Gilead Sciences) | NRT (North European Oil Royality Trust) | |
|---|---|---|
| 1-year return | +34.1% | +85.2% |
| 5-year return | +148.1% | +131.5% |
| Volatility (ann.) | 24.1% | 51.6% |
| Beta vs S&P 500 | 0.33 | -0.42 |
| Max drawdown (3Y) | -26.6% | -66.1% |
| Market cap | $184.6B | $0.1B |
| P/E (trailing) | – | 8.4 |
| Dividend yield | 2.17% | 11.95% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | GILD | NRT |
|---|---|---|
| 2022 | +23.6% | +41.9% |
| 2023 | -2.0% | -46.5% |
| 2024 | +18.7% | -25.3% |
| 2025 | +36.6% | +88.4% |
| 2026 | +22.8% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GILD and NRT good diversifiers for each other?
Yes. With a correlation of -0.23, GILD and NRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GILD and NRT?
As of 2026-08-27, the correlation of weekly returns between GILD and NRT is -0.23 over 3 years, -0.25 over 1 year and -0.13 over 5 years.
Is NRT a good diversifier for GILD?
Yes. With a correlation of -0.23, GILD and NRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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
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Related comparisons
Hubs: GILD correlations · NRT correlations
