INCR vs REAX: Correlation
Measured on weekly returns over the past three years, Intercure Ltd. (INCR) and Real REMAX Group Inc. (REAX) carry a correlation of 0.97, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INCR and REAX?
Over the past 3 years, INCR and REAX moved with a correlation of 0.97, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.99 over 1 year against 0.97 over 3. Over 5 years the correlation is 0.96, and the annualized covariance of weekly returns is 150437.5 %².
Few assets follow INCR as closely as REAX, which ranks #2 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months REAX outperformed by 108.6 percentage points (+248.5% for INCR against +357.1% for REAX).
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.
INCR vs REAX: side by side
| INCR (Intercure Ltd.) | REAX (Real REMAX Group Inc.) | |
|---|---|---|
| 1-year return | +248.5% | +357.1% |
| 5-year return | -10.0% | +1133.9% |
| Volatility (ann.) | 333.4% | 463.3% |
| Beta vs S&P 500 | 1.08 | 1.90 |
| Max drawdown (3Y) | -79.8% | -76.1% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INCR | REAX |
|---|---|---|
| 2022 | -49.1% | -71.5% |
| 2023 | -60.9% | +52.4% |
| 2024 | +23.3% | +187.5% |
| 2025 | -42.8% | -20.7% |
| 2026 | +524.2% | +547.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INCR and REAX good diversifiers for each other?
Not really. At 0.97, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between INCR and REAX?
Using weekly returns as of 2026-08-27: 0.97 over 3 years, with 0.99 over the last year and 0.96 over 5 years.
Is REAX a good diversifier for INCR?
Not really. At 0.97, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.97 mean?
A reading of 0.97 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/incr-vs-reax.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/incr-vs-reax/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INCR correlations · REAX correlations
