JLL vs NMRK: Correlation
How closely do Jones Lang LaSalle Incorporated (JLL) and Newmark Group, Inc. (NMRK) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JLL and NMRK?
On 3 years of weekly data the JLL/NMRK correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.78 lands near the 3-year figure. The 5-year figure is 0.79, and annualized covariance runs at 1276.4 %².
Few assets follow JLL as closely as NMRK, which ranks #3 of 26 tracked partners. Correlation aside, the last 12 months split them widely, with JLL ahead by 37.6 points (+23.8% versus -13.8%).
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.
JLL vs NMRK: side by side
| JLL (Jones Lang LaSalle Incorporated) | NMRK (Newmark Group, Inc.) | |
|---|---|---|
| 1-year return | +23.8% | -13.8% |
| 5-year return | +55.9% | +23.3% |
| Volatility (ann.) | 34.9% | 43.4% |
| Beta vs S&P 500 | 1.30 | 1.49 |
| Max drawdown (3Y) | -30.6% | -36.6% |
| Market cap | $17.4B | $3.8B |
| P/E (trailing) | 18.5 | 19.7 |
| Dividend yield | 0.00% | 0.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JLL | NMRK |
|---|---|---|
| 2022 | -40.8% | -57.0% |
| 2023 | +18.5% | +39.9% |
| 2024 | +34.0% | +18.1% |
| 2025 | +32.9% | +36.5% |
| 2026 | +12.6% | -9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JLL and NMRK good diversifiers for each other?
No. With a correlation of 0.84, JLL and NMRK move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between JLL and NMRK?
Using weekly returns as of 2026-08-27: 0.84 over 3 years, with 0.78 over the last year and 0.79 over 5 years.
Is NMRK a good diversifier for JLL?
No. With a correlation of 0.84, JLL and NMRK move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 mean?
On the −1 to +1 scale, 0.84 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/jll-vs-nmrk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jll-vs-nmrk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JLL correlations · NMRK correlations
