IGR vs JRI: Correlation
Measured on weekly returns over the past three years, CBRE Global Real Estate Income Fund (IGR) and Nuveen Real Asset Income and Growth Fund (JRI) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IGR and JRI?
Over the past 3 years, IGR and JRI moved with a correlation of 0.73, which is strong. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. Over 5 years the correlation is 0.79, and the annualized covariance of weekly returns is 327.8 %².
Within IGR's tracked universe of 24 assets, JRI comes in at #7 by 3-year correlation. Neither side won the trailing year by much: +7.8% against +5.3%. Risk is not evenly split, since IGR carries 1.6 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.
IGR vs JRI: side by side
| IGR (CBRE Global Real Estate Income Fund) | JRI (Nuveen Real Asset Income and Growth Fund) | |
|---|---|---|
| 1-year return | +7.8% | +5.3% |
| 5-year return | -4.7% | +31.7% |
| Volatility (ann.) | 26.5% | 17.0% |
| Beta vs S&P 500 | 0.81 | 0.64 |
| Max drawdown (3Y) | -29.5% | -13.7% |
| Market cap | $0.7B | $0.3B |
| P/E (trailing) | 15.4 | 7.0 |
| Dividend yield | 7.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IGR | JRI |
|---|---|---|
| 2022 | -35.5% | -20.8% |
| 2023 | +8.6% | +10.1% |
| 2024 | +1.2% | +16.3% |
| 2025 | +5.2% | +26.8% |
| 2026 | +16.8% | -0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IGR and JRI good diversifiers for each other?
Only partially. A correlation of 0.73 means IGR and JRI 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 IGR and JRI?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.64 over the last year and 0.79 over 5 years.
Is JRI a good diversifier for IGR?
Only partially. A correlation of 0.73 means IGR and JRI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 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/igr-vs-jri.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/igr-vs-jri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IGR correlations · JRI correlations
