JRS vs MAA: Correlation
Measured on weekly returns over the past three years, Nuveen Real Estate Income Fund (JRS) and Mid-America Apartment Communities (MAA) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRS and MAA?
Across a 3-year window, the weekly returns of JRS and MAA correlate at 0.67, strong. Recent behaviour matches the longer record: 0.59 over 1 year against 0.67 over 3. Stretching to 5 years gives 0.73, with an annualized covariance of 288.9 %².
By 3-year correlation, MAA places #26 of the 49 assets tracked against JRS. The last year tells two different stories: JRS led by 21.0 percentage points, +14.4% for JRS against -6.6% for MAA.
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 MAA: side by side
| JRS (Nuveen Real Estate Income Fund) | MAA (Mid-America Apartment Communities) | |
|---|---|---|
| 1-year return | +14.4% | -6.6% |
| 5-year return | +13.5% | -19.3% |
| Volatility (ann.) | 21.1% | 20.3% |
| Beta vs S&P 500 | 0.79 | 0.49 |
| Max drawdown (3Y) | -25.3% | -26.4% |
| Market cap | – | $15.3B |
| P/E (trailing) | – | 37.7 |
| Dividend yield | 8.00% | 4.63% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | JRS | MAA |
|---|---|---|
| 2022 | -35.6% | -29.7% |
| 2023 | +13.4% | -11.1% |
| 2024 | +19.7% | +19.9% |
| 2025 | -3.4% | -6.4% |
| 2026 | +15.2% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRS and MAA good diversifiers for each other?
To a limited degree. At 0.67 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 MAA?
The JRS/MAA correlation stands at 0.67 on a 3-year window (1 year: 0.59, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is MAA a good diversifier for JRS?
To a limited degree. At 0.67 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 0.67 mean?
On the −1 to +1 scale, 0.67 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/jrs-vs-maa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jrs-vs-maa/)
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Related comparisons
Hubs: JRS correlations · MAA correlations
