IGR vs JRS: Correlation
Measured on weekly returns over the past three years, CBRE Global Real Estate Income Fund (IGR) and Nuveen Real Estate Income Fund (JRS) carry a correlation of 0.84, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IGR and JRS?
On 3 years of weekly data the IGR/JRS correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.80 lands near the 3-year figure. The 5-year figure is 0.84, and annualized covariance runs at 467.9 %².
Few assets follow IGR as closely as JRS, which ranks #3 of 24 tracked partners. On 12-month performance JRS holds a 6.6-point edge, +7.8% 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.
IGR vs JRS: side by side
| IGR (CBRE Global Real Estate Income Fund) | JRS (Nuveen Real Estate Income Fund) | |
|---|---|---|
| 1-year return | +7.8% | +14.4% |
| 5-year return | -4.7% | +13.5% |
| Volatility (ann.) | 26.5% | 21.1% |
| Beta vs S&P 500 | 0.81 | 0.79 |
| Max drawdown (3Y) | -29.5% | -25.3% |
| Market cap | $0.7B | – |
| P/E (trailing) | 15.4 | – |
| Dividend yield | 7.73% | 8.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IGR | JRS |
|---|---|---|
| 2022 | -35.5% | -35.6% |
| 2023 | +8.6% | +13.4% |
| 2024 | +1.2% | +19.7% |
| 2025 | +5.2% | -3.4% |
| 2026 | +16.8% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IGR and JRS good diversifiers for each other?
No. With a correlation of 0.84, IGR and JRS move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between IGR and JRS?
Using weekly returns as of 2026-08-27: 0.84 over 3 years, with 0.80 over the last year and 0.84 over 5 years.
Is JRS a good diversifier for IGR?
No. With a correlation of 0.84, IGR and JRS move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 mean?
On the −1 to +1 scale, 0.84 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-jrs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/igr-vs-jrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IGR correlations · JRS correlations
