GOOD vs JRS: Correlation
Gl (GOOD) and Nuveen Real Estate Income Fund (JRS) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOD and JRS?
Over the past 3 years, GOOD and JRS moved with a correlation of 0.68, which is strong. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 321.2 %².
JRS is one of the assets that tracks GOOD most closely: it ranks #3 out of the 16 assets we track against GOOD. Over the last 12 months JRS came out ahead by 6.2 percentage points (+8.2% 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.
GOOD vs JRS: side by side
| GOOD (Gl) | JRS (Nuveen Real Estate Income Fund) | |
|---|---|---|
| 1-year return | +8.2% | +14.4% |
| 5-year return | -11.7% | +13.5% |
| Volatility (ann.) | 22.3% | 21.1% |
| Beta vs S&P 500 | 0.67 | 0.79 |
| Max drawdown (3Y) | -35.3% | -25.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | 51.9 | – |
| Dividend yield | 9.22% | 8.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOOD | JRS |
|---|---|---|
| 2022 | -22.5% | -35.6% |
| 2023 | -21.6% | +13.4% |
| 2024 | +33.3% | +19.7% |
| 2025 | -28.1% | -3.4% |
| 2026 | +29.9% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOD and JRS good diversifiers for each other?
Only partially. A correlation of 0.68 means GOOD and JRS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GOOD and JRS?
As of 2026-08-27, the correlation of weekly returns between GOOD and JRS is 0.68 over 3 years, 0.63 over 1 year and 0.66 over 5 years.
Is JRS a good diversifier for GOOD?
Only partially. A correlation of 0.68 means GOOD and JRS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 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/good-vs-jrs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/good-vs-jrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GOOD correlations · JRS correlations
