JRS vs UDR: Correlation
Nuveen Real Estate Income Fund (JRS) and UDR, Inc. (UDR) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRS and UDR?
On 3 years of weekly data the JRS/UDR correlation comes out at 0.70, strong. The past 12 months show a weaker link (0.56) than the 3-year average (0.70). The 5-year figure is 0.73, and annualized covariance runs at 313.1 %².
Within JRS's tracked universe of 49 assets, UDR comes in at #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JRS outperformed by 15.0 percentage points (+14.4% for JRS against -0.6% for UDR).
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 UDR: side by side
| JRS (Nuveen Real Estate Income Fund) | UDR (UDR, Inc.) | |
|---|---|---|
| 1-year return | +14.4% | -0.6% |
| 5-year return | +13.5% | -15.5% |
| Volatility (ann.) | 21.1% | 21.1% |
| Beta vs S&P 500 | 0.79 | 0.54 |
| Max drawdown (3Y) | -25.3% | -24.9% |
| Market cap | – | $13.6B |
| P/E (trailing) | – | 23.9 |
| Dividend yield | 8.00% | 4.56% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | JRS | UDR |
|---|---|---|
| 2022 | -35.6% | -33.4% |
| 2023 | +13.4% | +3.1% |
| 2024 | +19.7% | +18.3% |
| 2025 | -3.4% | -11.8% |
| 2026 | +15.2% | +4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRS and UDR good diversifiers for each other?
Only partially. A correlation of 0.70 means JRS and UDR 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 UDR?
The JRS/UDR correlation stands at 0.70 on a 3-year window (1 year: 0.56, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is UDR a good diversifier for JRS?
Only partially. A correlation of 0.70 means JRS and UDR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jrs-vs-udr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jrs-vs-udr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JRS correlations · UDR correlations
