LADR vs NXDT: Correlation
How closely do Ladder Capital Corp (LADR) and NexPoint Diversified Real Estate Trust (NXDT) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LADR and NXDT?
Over the past 3 years, LADR and NXDT moved with a correlation of 0.45, which is moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 416.8 %².
Within LADR's tracked universe of 18 assets, NXDT comes in at #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NXDT ahead by 66.4 points (-6.7% versus +59.7%). Note the risk asymmetry: NXDT runs 2.5 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.
LADR vs NXDT: side by side
| LADR (Ladder Capital Corp) | NXDT (NexPoint Diversified Real Estate Trust) | |
|---|---|---|
| 1-year return | -6.7% | +59.7% |
| 5-year return | +32.1% | -44.2% |
| Volatility (ann.) | 19.1% | 48.6% |
| Beta vs S&P 500 | 0.50 | 0.90 |
| Max drawdown (3Y) | -15.3% | -65.1% |
| Market cap | $1.2B | $0.3B |
| P/E (trailing) | 23.4 | – |
| Dividend yield | 9.33% | 10.87% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LADR | NXDT |
|---|---|---|
| 2022 | -9.0% | -14.0% |
| 2023 | +25.2% | -24.9% |
| 2024 | +5.5% | -15.0% |
| 2025 | +6.7% | -25.8% |
| 2026 | -6.3% | +51.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LADR and NXDT good diversifiers for each other?
Reasonably. At 0.45, LADR and NXDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LADR and NXDT?
The LADR/NXDT correlation stands at 0.45 on a 3-year window (1 year: 0.49, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is NXDT a good diversifier for LADR?
Reasonably. At 0.45, LADR and NXDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ladr-vs-nxdt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ladr-vs-nxdt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LADR correlations · NXDT correlations
