JRS vs VNQ: Correlation
Measured on weekly returns over the past three years, Nuveen Real Estate Income Fund (JRS) and Vanguard Real Estate ETF (VNQ) carry a correlation of 0.90, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRS and VNQ?
On 3 years of weekly data the JRS/VNQ correlation comes out at 0.90, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.85 over 1 year against 0.90 over 3. The 5-year figure is 0.89, and annualized covariance runs at 313.5 %².
Few assets follow JRS as closely as VNQ, which ranks #1 of 49 tracked partners. Twelve-month performance is nearly a tie, at +14.4% for JRS and +10.3% for VNQ.
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 VNQ: side by side
| JRS (Nuveen Real Estate Income Fund) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | +14.4% | +10.3% |
| 5-year return | +13.5% | +9.5% |
| Volatility (ann.) | 21.1% | 16.6% |
| Beta vs S&P 500 | 0.79 | 0.59 |
| Max drawdown (3Y) | -25.3% | -17.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 8.00% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | US Listed | ETF · Real Estate |
VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | JRS | VNQ |
|---|---|---|
| 2022 | -35.6% | -26.3% |
| 2023 | +13.4% | +11.9% |
| 2024 | +19.7% | +4.8% |
| 2025 | -3.4% | +3.2% |
| 2026 | +15.2% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRS and VNQ good diversifiers for each other?
Not really. At 0.90, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between JRS and VNQ?
The JRS/VNQ correlation stands at 0.90 on a 3-year window (1 year: 0.85, 5 years: 0.89), computed from weekly returns as of 2026-08-27.
Is VNQ a good diversifier for JRS?
Not really. At 0.90, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.90 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
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Related comparisons
Hubs: JRS correlations · VNQ correlations
