NMRK vs TREE: Correlation
Measured on weekly returns over the past three years, Newmark Group, Inc. (NMRK) and LendingTree, Inc. (TREE) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NMRK and TREE?
On 3 years of weekly data the NMRK/TREE correlation comes out at 0.62, strong. The past 12 months show a weaker link (0.46) than the 3-year average (0.62). The 5-year figure is 0.55, and annualized covariance runs at 2062.8 %².
Within NMRK's tracked universe of 19 assets, TREE comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NMRK outperformed by 44.4 percentage points (-13.8% for NMRK against -58.2% for TREE). Note the risk asymmetry: TREE runs 1.8 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.
NMRK vs TREE: side by side
| NMRK (Newmark Group, Inc.) | TREE (LendingTree, Inc.) | |
|---|---|---|
| 1-year return | -13.8% | -58.2% |
| 5-year return | +23.3% | -83.0% |
| Volatility (ann.) | 43.4% | 76.1% |
| Beta vs S&P 500 | 1.49 | 1.99 |
| Max drawdown (3Y) | -36.6% | -63.0% |
| Market cap | $3.8B | $0.4B |
| P/E (trailing) | 19.7 | 2.3 |
| Dividend yield | 0.95% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NMRK | TREE |
|---|---|---|
| 2022 | -57.0% | -82.6% |
| 2023 | +39.9% | +42.1% |
| 2024 | +18.1% | +27.8% |
| 2025 | +36.5% | +37.0% |
| 2026 | -9.5% | -46.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NMRK and TREE good diversifiers for each other?
Only partially. A correlation of 0.62 means NMRK and TREE 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 NMRK and TREE?
The NMRK/TREE correlation stands at 0.62 on a 3-year window (1 year: 0.46, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is TREE a good diversifier for NMRK?
Only partially. A correlation of 0.62 means NMRK and TREE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
A reading of 0.62 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/nmrk-vs-tree.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nmrk-vs-tree/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NMRK correlations · TREE correlations
