LADR vs NREF: Correlation
Measured on weekly returns over the past three years, Ladder Capital Corp (LADR) and NexPoint Real Estate Finance, Inc. (NREF) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LADR and NREF?
On 3 years of weekly data the LADR/NREF correlation comes out at 0.61, strong. Lately the two have drifted apart, with the 1-year correlation at 0.38 versus 0.61 over 3 years. The 5-year figure is 0.57, and annualized covariance runs at 335.5 %².
Within LADR's tracked universe of 18 assets, NREF comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NREF outperformed by 38.7 percentage points (-6.7% for LADR against +32.0% for NREF).
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.
LADR vs NREF: side by side
| LADR (Ladder Capital Corp) | NREF (NexPoint Real Estate Finance, Inc.) | |
|---|---|---|
| 1-year return | -6.7% | +32.0% |
| 5-year return | +32.1% | +54.2% |
| Volatility (ann.) | 19.1% | 28.5% |
| Beta vs S&P 500 | 0.50 | 0.63 |
| Max drawdown (3Y) | -15.3% | -24.0% |
| Market cap | $1.2B | $0.4B |
| P/E (trailing) | 23.4 | 7.3 |
| Dividend yield | 9.33% | 11.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LADR | NREF |
|---|---|---|
| 2022 | -9.0% | -8.9% |
| 2023 | +25.2% | +17.4% |
| 2024 | +5.5% | +13.5% |
| 2025 | +6.7% | +2.3% |
| 2026 | -6.3% | +32.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LADR and NREF good diversifiers for each other?
Only partially. A correlation of 0.61 means LADR and NREF 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 LADR and NREF?
As of 2026-08-27, the correlation of weekly returns between LADR and NREF is 0.61 over 3 years, 0.38 over 1 year and 0.57 over 5 years.
Is NREF a good diversifier for LADR?
Only partially. A correlation of 0.61 means LADR and NREF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
A reading of 0.61 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/ladr-vs-nref.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ladr-vs-nref/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LADR correlations · NREF correlations
