NRO vs PDT: Correlation
Neuberger Real Estate Securities Income Fund Inc. (NRO) and John Hancock Premium Dividend Fund (PDT) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRO and PDT?
Across a 3-year window, the weekly returns of NRO and PDT correlate at 0.74, strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. Stretching to 5 years gives 0.74, with an annualized covariance of 222.6 %².
By 3-year correlation, PDT places #7 of the 17 assets tracked against NRO. Neither side won the trailing year by much: +2.5% against +1.3%.
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.
NRO vs PDT: side by side
| NRO (Neuberger Real Estate Securities Income Fund Inc.) | PDT (John Hancock Premium Dividend Fund) | |
|---|---|---|
| 1-year return | +2.5% | +1.3% |
| 5-year return | +2.7% | +12.6% |
| Volatility (ann.) | 18.9% | 15.8% |
| Beta vs S&P 500 | 0.70 | 0.52 |
| Max drawdown (3Y) | -24.8% | -11.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 8.2 | 4.9 |
| Dividend yield | 0.00% | 7.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NRO | PDT |
|---|---|---|
| 2022 | -35.1% | -16.3% |
| 2023 | +15.1% | -9.5% |
| 2024 | +23.8% | +30.0% |
| 2025 | +0.8% | +7.7% |
| 2026 | +5.0% | +4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRO and PDT good diversifiers for each other?
Only partially. A correlation of 0.74 means NRO and PDT 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 NRO and PDT?
As of 2026-08-27, the correlation of weekly returns between NRO and PDT is 0.74 over 3 years, 0.74 over 1 year and 0.74 over 5 years.
Is PDT a good diversifier for NRO?
Only partially. A correlation of 0.74 means NRO and PDT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 mean?
A reading of 0.74 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/nro-vs-pdt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nro-vs-pdt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NRO correlations · PDT correlations
