IT vs NRT: Correlation
How closely do Gartner (IT) and North European Oil Royality Trust (NRT) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IT and NRT?
Across a 3-year window, the weekly returns of IT and NRT correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.21). Stretching to 5 years gives -0.06, with an annualized covariance of -446.1 %².
Among the 36 assets we track against IT, NRT ranks #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NRT outperformed by 105.4 percentage points (-20.2% for IT against +85.2% for NRT).
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.
IT vs NRT: side by side
| IT (Gartner) | NRT (North European Oil Royality Trust) | |
|---|---|---|
| 1-year return | -20.2% | +85.2% |
| 5-year return | -36.0% | +131.5% |
| Volatility (ann.) | 40.6% | 51.6% |
| Beta vs S&P 500 | 0.92 | -0.42 |
| Max drawdown (3Y) | -77.2% | -66.1% |
| Market cap | $12.4B | $0.1B |
| P/E (trailing) | 17.4 | 8.4 |
| Dividend yield | 0.00% | 11.95% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | IT | NRT |
|---|---|---|
| 2022 | +0.5% | +41.9% |
| 2023 | +34.2% | -46.5% |
| 2024 | +7.4% | -25.3% |
| 2025 | -47.9% | +88.4% |
| 2026 | -22.1% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IT and NRT good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IT and NRT?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.04 over the last year and -0.06 over 5 years.
Is NRT a good diversifier for IT?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/it-vs-nrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/it-vs-nrt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IT correlations · NRT correlations
