NRO vs PLD: Correlation
Measured on weekly returns over the past three years, Neuberger Real Estate Securities Income Fund Inc. (NRO) and Prologis (PLD) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRO and PLD?
Over the past 3 years, NRO and PLD moved with a correlation of 0.69, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.50 versus 0.69 over 3 years. Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 337.0 %².
Within NRO's tracked universe of 17 assets, PLD comes in at #9 by 3-year correlation. The last year tells two different stories: PLD led by 27.5 percentage points, +2.5% for NRO against +30.0% for PLD.
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 PLD: side by side
| NRO (Neuberger Real Estate Securities Income Fund Inc.) | PLD (Prologis) | |
|---|---|---|
| 1-year return | +2.5% | +30.0% |
| 5-year return | +2.7% | +22.5% |
| Volatility (ann.) | 18.9% | 25.8% |
| Beta vs S&P 500 | 0.70 | 0.90 |
| Max drawdown (3Y) | -24.8% | -31.4% |
| Market cap | $0.2B | $137.9B |
| P/E (trailing) | 8.2 | 31.7 |
| Dividend yield | 0.00% | 2.92% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | NRO | PLD |
|---|---|---|
| 2022 | -35.1% | -31.3% |
| 2023 | +15.1% | +21.6% |
| 2024 | +23.8% | -18.1% |
| 2025 | +0.8% | +25.1% |
| 2026 | +5.0% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRO and PLD good diversifiers for each other?
Only partially. A correlation of 0.69 means NRO and PLD 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 PLD?
The NRO/PLD correlation stands at 0.69 on a 3-year window (1 year: 0.50, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is PLD a good diversifier for NRO?
Only partially. A correlation of 0.69 means NRO and PLD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
A reading of 0.69 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-pld.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nro-vs-pld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NRO correlations · PLD correlations
