JRS vs STHO: Correlation
How closely do Nuveen Real Estate Income Fund (JRS) and Star Holdings - Shares of Beneficial Interest (STHO) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRS and STHO?
Over the past 3 years, JRS and STHO moved with a correlation of 0.66, which is strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 492.3 %².
Within JRS's tracked universe of 49 assets, STHO comes in at #28 by 3-year correlation. Their 12-month results are close: +14.4% for JRS against +16.7% for STHO. Note the risk asymmetry: STHO runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 STHO: side by side
| JRS (Nuveen Real Estate Income Fund) | STHO (Star Holdings - Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +14.4% | +16.7% |
| 5-year return | +13.5% | n/a |
| Volatility (ann.) | 21.1% | 35.5% |
| Beta vs S&P 500 | 0.79 | 0.88 |
| Max drawdown (3Y) | -25.3% | -59.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 8.0 |
| Dividend yield | 8.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JRS | STHO |
|---|---|---|
| 2022 | -35.6% | – |
| 2023 | +13.4% | – |
| 2024 | +19.7% | -35.0% |
| 2025 | -3.4% | -15.4% |
| 2026 | +15.2% | +19.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRS and STHO good diversifiers for each other?
To a limited degree. At 0.66 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 STHO?
The JRS/STHO correlation stands at 0.66 on a 3-year window (1 year: 0.69, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is STHO a good diversifier for JRS?
To a limited degree. At 0.66 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 0.66 mean?
A reading of 0.66 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-stho.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jrs-vs-stho/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JRS correlations · STHO correlations
