IGR vs STHO: Correlation
CBRE Global Real Estate Income Fund (IGR) and Star Holdings - Shares of Beneficial Interest (STHO) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IGR and STHO?
On 3 years of weekly data the IGR/STHO correlation comes out at 0.63, strong. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 591.4 %².
Among the 24 assets we track against IGR, STHO ranks #12 by 3-year correlation. On 12-month performance STHO holds a 8.9-point edge, +7.8% against +16.7%.
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 STHO: side by side
| IGR (CBRE Global Real Estate Income Fund) | STHO (Star Holdings - Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +7.8% | +16.7% |
| 5-year return | -4.7% | n/a |
| Volatility (ann.) | 26.5% | 35.5% |
| Beta vs S&P 500 | 0.81 | 0.88 |
| Max drawdown (3Y) | -29.5% | -59.4% |
| Market cap | $0.7B | $0.1B |
| P/E (trailing) | 15.4 | 8.0 |
| Dividend yield | 7.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IGR | STHO |
|---|---|---|
| 2022 | -35.5% | – |
| 2023 | +8.6% | – |
| 2024 | +1.2% | -35.0% |
| 2025 | +5.2% | -15.4% |
| 2026 | +16.8% | +19.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IGR and STHO good diversifiers for each other?
Only partially. A correlation of 0.63 means IGR and STHO 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 STHO?
The IGR/STHO correlation stands at 0.63 on a 3-year window (1 year: 0.62, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is STHO a good diversifier for IGR?
Only partially. A correlation of 0.63 means IGR and STHO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
A reading of 0.63 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/igr-vs-stho.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/igr-vs-stho/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IGR correlations · STHO correlations
