JRS vs MPT: Correlation
How closely do Nuveen Real Estate Income Fund (JRS) and Medical Properties Trust, Inc. (MPT) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRS and MPT?
On 3 years of weekly data the JRS/MPT correlation comes out at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 550.3 %².
Among the 49 assets we track against JRS, MPT ranks #42 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JRS outperformed by 16.5 percentage points (+14.4% for JRS against -2.1% for MPT). One caveat on sizing: MPT is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MPT: side by side
| JRS (Nuveen Real Estate Income Fund) | MPT (Medical Properties Trust, Inc.) | |
|---|---|---|
| 1-year return | +14.4% | -2.1% |
| 5-year return | +13.5% | -69.8% |
| Volatility (ann.) | 21.1% | 53.6% |
| Beta vs S&P 500 | 0.79 | 1.05 |
| Max drawdown (3Y) | -25.3% | -55.9% |
| Market cap | – | $2.4B |
| P/E (trailing) | – | – |
| Dividend yield | 8.00% | 8.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JRS | MPT |
|---|---|---|
| 2022 | -35.6% | -49.0% |
| 2023 | +13.4% | -50.3% |
| 2024 | +19.7% | -11.5% |
| 2025 | -3.4% | +35.2% |
| 2026 | +15.2% | -16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRS and MPT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between JRS and MPT?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.46 over the last year and 0.52 over 5 years.
Is MPT a good diversifier for JRS?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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-mpt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jrs-vs-mpt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JRS correlations · MPT correlations
