HD vs NRT: Correlation
How closely do Home Depot (The) (HD) and North European Oil Royality Trust (NRT) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HD and NRT?
Over the past 3 years, HD and NRT moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.22 over 3. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -273.9 %².
By 3-year correlation, NRT places #48 of the 54 assets tracked against HD. Correlation aside, the last 12 months split them widely, with NRT ahead by 102.6 points (-17.4% versus +85.2%). Note the risk asymmetry: NRT runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HD vs NRT: side by side
| HD (Home Depot (The)) | NRT (North European Oil Royality Trust) | |
|---|---|---|
| 1-year return | -17.4% | +85.2% |
| 5-year return | +13.8% | +131.5% |
| Volatility (ann.) | 23.6% | 51.6% |
| Beta vs S&P 500 | 0.87 | -0.42 |
| Max drawdown (3Y) | -28.8% | -66.1% |
| Market cap | $327.9B | $0.1B |
| P/E (trailing) | 23.4 | 8.4 |
| Dividend yield | 1.38% | 11.95% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | HD | NRT |
|---|---|---|
| 2022 | -22.0% | +41.9% |
| 2023 | +12.8% | -46.5% |
| 2024 | +15.0% | -25.3% |
| 2025 | -9.3% | +88.4% |
| 2026 | -3.1% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HD and NRT good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HD and NRT?
The HD/NRT correlation stands at -0.22 on a 3-year window (1 year: -0.21, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is NRT a good diversifier for HD?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/hd-vs-nrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hd-vs-nrt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HD correlations · NRT correlations
