IRM vs JRS: Correlation
How closely do Iron Mountain (IRM) and Nuveen Real Estate Income Fund (JRS) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IRM and JRS?
On 3 years of weekly data the IRM/JRS correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 336.0 %².
Among the 31 assets we track against IRM, JRS ranks #13 by 3-year correlation. The last year tells two different stories: IRM led by 23.7 percentage points, +38.1% for IRM against +14.4% for JRS.
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.
IRM vs JRS: side by side
| IRM (Iron Mountain) | JRS (Nuveen Real Estate Income Fund) | |
|---|---|---|
| 1-year return | +38.1% | +14.4% |
| 5-year return | +219.3% | +13.5% |
| Volatility (ann.) | 30.8% | 21.1% |
| Beta vs S&P 500 | 0.96 | 0.79 |
| Max drawdown (3Y) | -39.0% | -25.3% |
| Market cap | $36.5B | – |
| P/E (trailing) | 86.4 | – |
| Dividend yield | 2.78% | 8.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | IRM | JRS |
|---|---|---|
| 2022 | -0.1% | -35.6% |
| 2023 | +46.5% | +13.4% |
| 2024 | +54.5% | +19.7% |
| 2025 | -18.2% | -3.4% |
| 2026 | +50.1% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IRM and JRS good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IRM and JRS?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.49 over the last year and 0.60 over 5 years.
Is JRS a good diversifier for IRM?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/irm-vs-jrs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/irm-vs-jrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IRM correlations · JRS correlations
