NREF vs TIPT: Correlation
How closely do NexPoint Real Estate Finance, Inc. (NREF) and Tiptree Inc. (TIPT) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NREF and TIPT?
Across a 3-year window, the weekly returns of NREF and TIPT correlate at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.30 versus 0.50 over 3 years. Stretching to 5 years gives 0.31, with an annualized covariance of 474.8 %².
Among the 12 assets we track against NREF, TIPT ranks #6 by 3-year correlation. The last year tells two different stories: NREF led by 53.3 percentage points, +32.0% for NREF against -21.3% for TIPT.
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.
NREF vs TIPT: side by side
| NREF (NexPoint Real Estate Finance, Inc.) | TIPT (Tiptree Inc.) | |
|---|---|---|
| 1-year return | +32.0% | -21.3% |
| 5-year return | +54.2% | +95.1% |
| Volatility (ann.) | 28.5% | 33.5% |
| Beta vs S&P 500 | 0.63 | 0.71 |
| Max drawdown (3Y) | -24.0% | -37.9% |
| Market cap | $0.4B | $0.7B |
| P/E (trailing) | 7.3 | – |
| Dividend yield | 11.63% | 1.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NREF | TIPT |
|---|---|---|
| 2022 | -8.9% | +1.4% |
| 2023 | +17.4% | +38.8% |
| 2024 | +13.5% | +12.8% |
| 2025 | +2.3% | -11.4% |
| 2026 | +32.1% | +1.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NREF and TIPT good diversifiers for each other?
Only partially. A correlation of 0.50 means NREF and TIPT 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 NREF and TIPT?
The NREF/TIPT correlation stands at 0.50 on a 3-year window (1 year: 0.30, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is TIPT a good diversifier for NREF?
Only partially. A correlation of 0.50 means NREF and TIPT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/nref-vs-tipt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nref-vs-tipt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NREF correlations · TIPT correlations
