JRS vs KIM: Correlation
Measured on weekly returns over the past three years, Nuveen Real Estate Income Fund (JRS) and Kimco Realty (KIM) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRS and KIM?
Across a 3-year window, the weekly returns of JRS and KIM correlate at 0.75, strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. Stretching to 5 years gives 0.76, with an annualized covariance of 362.5 %².
Among the 49 assets we track against JRS, KIM ranks #12 by 3-year correlation. Neither side won the trailing year by much: +14.4% against +11.4%.
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.
JRS vs KIM: side by side
| JRS (Nuveen Real Estate Income Fund) | KIM (Kimco Realty) | |
|---|---|---|
| 1-year return | +14.4% | +11.4% |
| 5-year return | +13.5% | +35.9% |
| Volatility (ann.) | 21.1% | 22.9% |
| Beta vs S&P 500 | 0.79 | 0.63 |
| Max drawdown (3Y) | -25.3% | -25.9% |
| Market cap | – | $16.0B |
| P/E (trailing) | – | 28.0 |
| Dividend yield | 8.00% | 4.29% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | JRS | KIM |
|---|---|---|
| 2022 | -35.6% | -10.8% |
| 2023 | +13.4% | +6.1% |
| 2024 | +19.7% | +15.0% |
| 2025 | -3.4% | -9.3% |
| 2026 | +15.2% | +20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRS and KIM good diversifiers for each other?
To a limited degree. At 0.75 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between JRS and KIM?
As of 2026-08-27, the correlation of weekly returns between JRS and KIM is 0.75 over 3 years, 0.70 over 1 year and 0.76 over 5 years.
Is KIM a good diversifier for JRS?
To a limited degree. At 0.75 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.75 mean?
A reading of 0.75 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: JRS correlations · KIM correlations
