NKE vs NRT: Correlation
How closely do Nike, Inc. (NKE) and North European Oil Royality Trust (NRT) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NKE and NRT?
On 3 years of weekly data the NKE/NRT correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.16) sits close to the 3-year figure. The 5-year figure is -0.08, and annualized covariance runs at -492.7 %².
NRT is close to the least connected end of NKE's tracked universe, ranking #29 of 33. Their recent paths diverged sharply: over the last 12 months NRT outperformed by 134.6 percentage points (-49.4% for NKE against +85.2% for NRT).
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.
NKE vs NRT: side by side
| NKE (Nike, Inc.) | NRT (North European Oil Royality Trust) | |
|---|---|---|
| 1-year return | -49.4% | +85.2% |
| 5-year return | -75.2% | +131.5% |
| Volatility (ann.) | 36.6% | 51.6% |
| Beta vs S&P 500 | 0.93 | -0.42 |
| Max drawdown (3Y) | -66.9% | -66.1% |
| Market cap | $57.0B | $0.1B |
| P/E (trailing) | 18.4 | 8.4 |
| Dividend yield | 4.22% | 11.95% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | NKE | NRT |
|---|---|---|
| 2022 | -29.0% | +41.9% |
| 2023 | -6.0% | -46.5% |
| 2024 | -29.1% | -25.3% |
| 2025 | -13.8% | +88.4% |
| 2026 | -38.7% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NKE and NRT good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NKE and NRT?
The NKE/NRT correlation stands at -0.26 on a 3-year window (1 year: -0.16, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is NRT a good diversifier for NKE?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nke-vs-nrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nke-vs-nrt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NKE correlations · NRT correlations
