KIM vs NRT: Correlation
Kimco Realty (KIM) and North European Oil Royality Trust (NRT) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KIM and NRT?
On 3 years of weekly data the KIM/NRT correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.18 over 1 year against -0.21 over 3. The 5-year figure is 0.03, and annualized covariance runs at -243.6 %².
Out of 45 assets tracked against KIM, NRT lands near the bottom at #43. Their recent paths diverged sharply: over the last 12 months NRT outperformed by 73.8 percentage points (+11.4% for KIM against +85.2% for NRT). Note the risk asymmetry: NRT runs 2.3 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.
KIM vs NRT: side by side
| KIM (Kimco Realty) | NRT (North European Oil Royality Trust) | |
|---|---|---|
| 1-year return | +11.4% | +85.2% |
| 5-year return | +35.9% | +131.5% |
| Volatility (ann.) | 22.9% | 51.6% |
| Beta vs S&P 500 | 0.63 | -0.42 |
| Max drawdown (3Y) | -25.9% | -66.1% |
| Market cap | $16.0B | $0.1B |
| P/E (trailing) | 28.0 | 8.4 |
| Dividend yield | 4.29% | 11.95% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | KIM | NRT |
|---|---|---|
| 2022 | -10.8% | +41.9% |
| 2023 | +6.1% | -46.5% |
| 2024 | +15.0% | -25.3% |
| 2025 | -9.3% | +88.4% |
| 2026 | +20.1% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KIM and NRT good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KIM and NRT?
As of 2026-08-27, the correlation of weekly returns between KIM and NRT is -0.21 over 3 years, -0.18 over 1 year and 0.03 over 5 years.
Is NRT a good diversifier for KIM?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 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/kim-vs-nrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kim-vs-nrt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KIM correlations · NRT correlations
