NRT vs PHM: Correlation
North European Oil Royality Trust (NRT) and PulteGroup (PHM) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRT and PHM?
Over the past 3 years, NRT and PHM moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.09) sits close to the 3-year figure. Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -312.0 %².
Among the 62 assets we track against NRT, PHM ranks #20 by 3-year correlation. The last year tells two different stories: NRT led by 87.7 percentage points, +85.2% for NRT against -2.5% for PHM. Note the risk asymmetry: NRT runs 1.6 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 PHM: side by side
| NRT (North European Oil Royality Trust) | PHM (PulteGroup) | |
|---|---|---|
| 1-year return | +85.2% | -2.5% |
| 5-year return | +131.5% | +145.5% |
| Volatility (ann.) | 51.6% | 32.2% |
| Beta vs S&P 500 | -0.42 | 0.82 |
| Max drawdown (3Y) | -66.1% | -38.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | 8.4 | 13.3 |
| Dividend yield | 11.95% | 0.77% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | NRT | PHM |
|---|---|---|
| 2022 | +41.9% | -19.2% |
| 2023 | -46.5% | +128.8% |
| 2024 | -25.3% | +6.2% |
| 2025 | +88.4% | +8.5% |
| 2026 | +41.9% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRT and PHM good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between NRT and PHM?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.09 over the last year and -0.09 over 5 years.
Is PHM a good diversifier for NRT?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 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-phm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nrt-vs-phm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NRT correlations · PHM correlations
