GNRC vs NRT: Correlation
How closely do Generac (GNRC) and North European Oil Royality Trust (NRT) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNRC and NRT?
On 3 years of weekly data the GNRC/NRT correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.31) than the 3-year average (-0.19). The 5-year figure is 0.03, and annualized covariance runs at -440.8 %².
Out of 35 assets tracked against GNRC, NRT lands near the bottom at #31. The last year tells two different stories: NRT led by 79.7 percentage points, +5.5% for GNRC against +85.2% for NRT.
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.
GNRC vs NRT: side by side
| GNRC (Generac) | NRT (North European Oil Royality Trust) | |
|---|---|---|
| 1-year return | +5.5% | +85.2% |
| 5-year return | -55.4% | +131.5% |
| Volatility (ann.) | 46.1% | 51.6% |
| Beta vs S&P 500 | 1.35 | -0.42 |
| Max drawdown (3Y) | -47.8% | -66.1% |
| Market cap | $11.6B | $0.1B |
| P/E (trailing) | 47.4 | 8.4 |
| Dividend yield | 0.00% | 11.95% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | GNRC | NRT |
|---|---|---|
| 2022 | -71.4% | +41.9% |
| 2023 | +28.4% | -46.5% |
| 2024 | +20.0% | -25.3% |
| 2025 | -12.0% | +88.4% |
| 2026 | +44.7% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNRC and NRT good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GNRC and NRT?
The GNRC/NRT correlation stands at -0.19 on a 3-year window (1 year: -0.31, 5 years: 0.03), computed from weekly returns as of 2026-08-27.
Is NRT a good diversifier for GNRC?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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/gnrc-vs-nrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gnrc-vs-nrt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GNRC correlations · NRT correlations
