JRS vs RYN: Correlation
How closely do Nuveen Real Estate Income Fund (JRS) and Rayonier Inc. REIT (RYN) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRS and RYN?
On 3 years of weekly data the JRS/RYN correlation comes out at 0.62, strong. Lately the two have drifted apart, with the 1-year correlation at 0.45 versus 0.62 over 3 years. The 5-year figure is 0.64, and annualized covariance runs at 335.7 %².
Within JRS's tracked universe of 49 assets, RYN comes in at #33 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JRS ahead by 27.5 points (+14.4% versus -13.1%).
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 RYN: side by side
| JRS (Nuveen Real Estate Income Fund) | RYN (Rayonier Inc. REIT) | |
|---|---|---|
| 1-year return | +14.4% | -13.1% |
| 5-year return | +13.5% | -23.3% |
| Volatility (ann.) | 21.1% | 25.6% |
| Beta vs S&P 500 | 0.79 | 0.57 |
| Max drawdown (3Y) | -25.3% | -31.5% |
| Market cap | – | $6.2B |
| P/E (trailing) | – | 44.8 |
| Dividend yield | 8.00% | 5.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JRS | RYN |
|---|---|---|
| 2022 | -35.6% | -15.8% |
| 2023 | +13.4% | +5.8% |
| 2024 | +19.7% | -14.0% |
| 2025 | -3.4% | -8.0% |
| 2026 | +15.2% | -2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRS and RYN good diversifiers for each other?
Only partially. A correlation of 0.62 means JRS and RYN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between JRS and RYN?
The JRS/RYN correlation stands at 0.62 on a 3-year window (1 year: 0.45, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is RYN a good diversifier for JRS?
Only partially. A correlation of 0.62 means JRS and RYN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
A reading of 0.62 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-ryn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jrs-vs-ryn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JRS correlations · RYN correlations
