INVH vs JRS: Correlation
Invitation Homes (INVH) and Nuveen Real Estate Income Fund (JRS) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INVH and JRS?
Over the past 3 years, INVH and JRS moved with a correlation of 0.69, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.58 versus 0.69 over 3 years. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 307.9 %².
Within INVH's tracked universe of 28 assets, JRS comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JRS ahead by 16.3 points (-1.9% versus +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.
INVH vs JRS: side by side
| INVH (Invitation Homes) | JRS (Nuveen Real Estate Income Fund) | |
|---|---|---|
| 1-year return | -1.9% | +14.4% |
| 5-year return | -16.8% | +13.5% |
| Volatility (ann.) | 21.2% | 21.1% |
| Beta vs S&P 500 | 0.50 | 0.79 |
| Max drawdown (3Y) | -30.9% | -25.3% |
| Market cap | $17.4B | – |
| P/E (trailing) | 27.3 | – |
| Dividend yield | 3.98% | 8.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | INVH | JRS |
|---|---|---|
| 2022 | -33.0% | -35.6% |
| 2023 | +19.7% | +13.4% |
| 2024 | -3.1% | +19.7% |
| 2025 | -9.7% | -3.4% |
| 2026 | +7.6% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INVH and JRS good diversifiers for each other?
Only partially. A correlation of 0.69 means INVH and JRS 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 INVH and JRS?
As of 2026-08-27, the correlation of weekly returns between INVH and JRS is 0.69 over 3 years, 0.58 over 1 year and 0.71 over 5 years.
Is JRS a good diversifier for INVH?
Only partially. A correlation of 0.69 means INVH and JRS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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/invh-vs-jrs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/invh-vs-jrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INVH correlations · JRS correlations
