NRP vs TYG: Correlation
Measured on weekly returns over the past three years, Natural Resource Partners LP Limited Partnership (NRP) and Tortoise Energy Infrastructure Corporation (TYG) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRP and TYG?
Over the past 3 years, NRP and TYG moved with a correlation of 0.40, which is moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.40 over 3. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 241.0 %².
Within NRP's tracked universe of 10 assets, TYG comes in at #5 by 3-year correlation. Their 12-month results are close: +9.6% for NRP against +14.1% for TYG.
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.
NRP vs TYG: side by side
| NRP (Natural Resource Partners LP Limited Partnership) | TYG (Tortoise Energy Infrastructure Corporation) | |
|---|---|---|
| 1-year return | +9.6% | +14.1% |
| 5-year return | +624.7% | +162.5% |
| Volatility (ann.) | 28.3% | 21.2% |
| Beta vs S&P 500 | 0.41 | 0.45 |
| Max drawdown (3Y) | -22.9% | -25.1% |
| Market cap | – | – |
| P/E (trailing) | 14.0 | 6.0 |
| Dividend yield | 2.73% | 11.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NRP | TYG |
|---|---|---|
| 2022 | +72.9% | +24.2% |
| 2023 | +87.0% | -0.4% |
| 2024 | +27.4% | +60.2% |
| 2025 | -1.9% | +8.5% |
| 2026 | +7.9% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRP and TYG good diversifiers for each other?
Reasonably. At 0.40, NRP and TYG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NRP and TYG?
The NRP/TYG correlation stands at 0.40 on a 3-year window (1 year: 0.34, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is TYG a good diversifier for NRP?
Reasonably. At 0.40, NRP and TYG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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.
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Related comparisons
Hubs: NRP correlations · TYG correlations
