LEN vs NRT: Correlation
Lennar (LEN) and North European Oil Royality Trust (NRT) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEN and NRT?
On 3 years of weekly data the LEN/NRT correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.14 over 1 year against -0.22 over 3. The 5-year figure is -0.12, and annualized covariance runs at -368.0 %².
Out of 40 assets tracked against LEN, NRT lands near the bottom at #36. Correlation aside, the last 12 months split them widely, with NRT ahead by 120.1 points (-34.9% versus +85.2%). Risk is not evenly split, since NRT carries 1.6 times the volatility of the other side.
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.
LEN vs NRT: side by side
| LEN (Lennar) | NRT (North European Oil Royality Trust) | |
|---|---|---|
| 1-year return | -34.9% | +85.2% |
| 5-year return | -11.7% | +131.5% |
| Volatility (ann.) | 32.6% | 51.6% |
| Beta vs S&P 500 | 0.84 | -0.42 |
| Max drawdown (3Y) | -54.5% | -66.1% |
| Market cap | $20.5B | $0.1B |
| P/E (trailing) | 13.7 | 8.4 |
| Dividend yield | 2.29% | 11.95% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | LEN | NRT |
|---|---|---|
| 2022 | -20.6% | +41.9% |
| 2023 | +66.9% | -46.5% |
| 2024 | -7.3% | -25.3% |
| 2025 | -20.8% | +88.4% |
| 2026 | -15.9% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEN and NRT good diversifiers for each other?
Yes. With a correlation of -0.22, LEN and NRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LEN and NRT?
The LEN/NRT correlation stands at -0.22 on a 3-year window (1 year: -0.14, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is NRT a good diversifier for LEN?
Yes. With a correlation of -0.22, LEN and NRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/len-vs-nrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/len-vs-nrt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LEN correlations · NRT correlations
