NRT vs PG: Correlation
North European Oil Royality Trust (NRT) and Procter & Gamble (PG) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRT and PG?
Across a 3-year window, the weekly returns of NRT and PG correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.22). Stretching to 5 years gives -0.08, with an annualized covariance of -173.6 %².
By 3-year correlation, PG places #42 of the 62 assets tracked against NRT. The last year tells two different stories: NRT led by 91.3 percentage points, +85.2% for NRT against -6.1% for PG. Note the risk asymmetry: NRT runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PG: side by side
| NRT (North European Oil Royality Trust) | PG (Procter & Gamble) | |
|---|---|---|
| 1-year return | +85.2% | -6.1% |
| 5-year return | +131.5% | +13.9% |
| Volatility (ann.) | 51.6% | 15.3% |
| Beta vs S&P 500 | -0.42 | 0.19 |
| Max drawdown (3Y) | -66.1% | -21.2% |
| Market cap | $0.1B | $332.7B |
| P/E (trailing) | 8.4 | 21.9 |
| Dividend yield | 11.95% | 2.94% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | NRT | PG |
|---|---|---|
| 2022 | +41.9% | -5.0% |
| 2023 | -46.5% | -0.9% |
| 2024 | -25.3% | +17.3% |
| 2025 | +88.4% | -12.3% |
| 2026 | +41.9% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRT and PG good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between NRT and PG?
As of 2026-08-27, the correlation of weekly returns between NRT and PG is -0.22 over 3 years, -0.39 over 1 year and -0.08 over 5 years.
Is PG a good diversifier for NRT?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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.
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Related comparisons
Hubs: NRT correlations · PG correlations
