JRS vs PLD: Correlation
Nuveen Real Estate Income Fund (JRS) and Prologis (PLD) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRS and PLD?
On 3 years of weekly data the JRS/PLD correlation comes out at 0.76, strong. The past 12 months show a weaker link (0.58) than the 3-year average (0.76). The 5-year figure is 0.75, and annualized covariance runs at 414.5 %².
Within JRS's tracked universe of 49 assets, PLD comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PLD ahead by 15.6 points (+14.4% versus +30.0%).
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 PLD: side by side
| JRS (Nuveen Real Estate Income Fund) | PLD (Prologis) | |
|---|---|---|
| 1-year return | +14.4% | +30.0% |
| 5-year return | +13.5% | +22.5% |
| Volatility (ann.) | 21.1% | 25.8% |
| Beta vs S&P 500 | 0.79 | 0.90 |
| Max drawdown (3Y) | -25.3% | -31.4% |
| Market cap | – | $137.9B |
| P/E (trailing) | – | 31.7 |
| Dividend yield | 8.00% | 2.92% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | JRS | PLD |
|---|---|---|
| 2022 | -35.6% | -31.3% |
| 2023 | +13.4% | +21.6% |
| 2024 | +19.7% | -18.1% |
| 2025 | -3.4% | +25.1% |
| 2026 | +15.2% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRS and PLD good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JRS and PLD?
Using weekly returns as of 2026-08-27: 0.76 over 3 years, with 0.58 over the last year and 0.75 over 5 years.
Is PLD a good diversifier for JRS?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
A reading of 0.76 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-pld.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jrs-vs-pld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JRS correlations · PLD correlations
