MCO vs NRT: Correlation
Moody's Corporation (MCO) and North European Oil Royality Trust (NRT) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCO and NRT?
Over the past 3 years, MCO and NRT moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.19). Over 5 years the correlation is 0.03, and the annualized covariance of weekly returns is -248.3 %².
Within MCO's tracked universe of 53 assets, NRT comes in at #47 by 3-year correlation. The last year tells two different stories: NRT led by 84.5 percentage points, +0.7% for MCO against +85.2% for NRT. Risk is not evenly split, since NRT carries 2.0 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.
MCO vs NRT: side by side
| MCO (Moody's Corporation) | NRT (North European Oil Royality Trust) | |
|---|---|---|
| 1-year return | +0.7% | +85.2% |
| 5-year return | +39.4% | +131.5% |
| Volatility (ann.) | 25.8% | 51.6% |
| Beta vs S&P 500 | 1.08 | -0.42 |
| Max drawdown (3Y) | -24.7% | -66.1% |
| Market cap | $88.2B | $0.1B |
| P/E (trailing) | 32.7 | 8.4 |
| Dividend yield | 0.77% | 11.95% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | MCO | NRT |
|---|---|---|
| 2022 | -28.0% | +41.9% |
| 2023 | +41.5% | -46.5% |
| 2024 | +22.2% | -25.3% |
| 2025 | +8.7% | +88.4% |
| 2026 | +0.3% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCO and NRT good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MCO and NRT?
The MCO/NRT correlation stands at -0.19 on a 3-year window (1 year: -0.06, 5 years: 0.03), computed from weekly returns as of 2026-08-27.
Is NRT a good diversifier for MCO?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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/mco-vs-nrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mco-vs-nrt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MCO correlations · NRT correlations
