HHH vs JRS: Correlation
Measured on weekly returns over the past three years, Howard Hughes Holdings Inc. (HHH) and Nuveen Real Estate Income Fund (JRS) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HHH and JRS?
On 3 years of weekly data the HHH/JRS correlation comes out at 0.64, strong. The link has loosened recently: the 1-year correlation (0.49) runs below the 3-year figure (0.64). The 5-year figure is 0.65, and annualized covariance runs at 398.6 %².
Among the 17 assets we track against HHH, JRS ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JRS outperformed by 28.6 percentage points (-14.2% for HHH against +14.4% for JRS).
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.
HHH vs JRS: side by side
| HHH (Howard Hughes Holdings Inc.) | JRS (Nuveen Real Estate Income Fund) | |
|---|---|---|
| 1-year return | -14.2% | +14.4% |
| 5-year return | -25.2% | +13.5% |
| Volatility (ann.) | 29.3% | 21.1% |
| Beta vs S&P 500 | 0.96 | 0.79 |
| Max drawdown (3Y) | -31.4% | -25.3% |
| Market cap | $3.9B | – |
| P/E (trailing) | 12.8 | – |
| Dividend yield | 0.00% | 8.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HHH | JRS |
|---|---|---|
| 2022 | -24.9% | -35.6% |
| 2023 | +11.9% | +13.4% |
| 2024 | -5.7% | +19.7% |
| 2025 | +3.7% | -3.4% |
| 2026 | -18.6% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HHH and JRS good diversifiers for each other?
To a limited degree. At 0.64 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 HHH and JRS?
The HHH/JRS correlation stands at 0.64 on a 3-year window (1 year: 0.49, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is JRS a good diversifier for HHH?
To a limited degree. At 0.64 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 0.64 mean?
A reading of 0.64 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/hhh-vs-jrs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hhh-vs-jrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HHH correlations · JRS correlations
