NRT vs NVR: Correlation
How closely do North European Oil Royality Trust (NRT) and NVR, Inc. (NVR) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRT and NVR?
On 3 years of weekly data the NRT/NVR correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -321.9 %².
By 3-year correlation, NVR places #57 of the 62 assets tracked against NRT. The last year tells two different stories: NRT led by 106.0 percentage points, +85.2% for NRT against -20.8% for NVR. Risk is not evenly split, since NRT carries 2.2 times the volatility of the other side.
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.
NRT vs NVR: side by side
| NRT (North European Oil Royality Trust) | NVR (NVR, Inc.) | |
|---|---|---|
| 1-year return | +85.2% | -20.8% |
| 5-year return | +131.5% | +24.2% |
| Volatility (ann.) | 51.6% | 23.4% |
| Beta vs S&P 500 | -0.42 | 0.53 |
| Max drawdown (3Y) | -66.1% | -43.9% |
| Market cap | $0.1B | $17.0B |
| P/E (trailing) | 8.4 | 16.6 |
| Dividend yield | 11.95% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | NRT | NVR |
|---|---|---|
| 2022 | +41.9% | -21.9% |
| 2023 | -46.5% | +51.8% |
| 2024 | -25.3% | +16.8% |
| 2025 | +88.4% | -10.8% |
| 2026 | +41.9% | -12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRT and NVR good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between NRT and NVR?
As of 2026-08-27, the correlation of weekly returns between NRT and NVR is -0.27 over 3 years, -0.18 over 1 year and -0.10 over 5 years.
Is NVR a good diversifier for NRT?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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/nrt-vs-nvr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nrt-vs-nvr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NRT correlations · NVR correlations
