JRS vs LAND: Correlation
Nuveen Real Estate Income Fund (JRS) and Gl (LAND) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRS and LAND?
On 3 years of weekly data the JRS/LAND correlation comes out at 0.55, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.38 versus 0.55 over 3 years. The 5-year figure is 0.64, and annualized covariance runs at 310.5 %².
By 3-year correlation, LAND places #38 of the 49 assets tracked against JRS. Over the last 12 months JRS came out ahead by 11.3 percentage points (+14.4% against +3.1%).
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 LAND: side by side
| JRS (Nuveen Real Estate Income Fund) | LAND (Gl) | |
|---|---|---|
| 1-year return | +14.4% | +3.1% |
| 5-year return | +13.5% | -53.7% |
| Volatility (ann.) | 21.1% | 26.6% |
| Beta vs S&P 500 | 0.79 | 0.52 |
| Max drawdown (3Y) | -25.3% | -41.6% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 8.00% | 6.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JRS | LAND |
|---|---|---|
| 2022 | -35.6% | -44.4% |
| 2023 | +13.4% | -18.5% |
| 2024 | +19.7% | -21.6% |
| 2025 | -3.4% | -10.7% |
| 2026 | +15.2% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRS and LAND good diversifiers for each other?
To a limited degree. At 0.55 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 LAND?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.38 over the last year and 0.64 over 5 years.
Is LAND a good diversifier for JRS?
To a limited degree. At 0.55 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 0.55 mean?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jrs-vs-land.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jrs-vs-land/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JRS correlations · LAND correlations
