NRT vs PLBY: Correlation
Measured on weekly returns over the past three years, North European Oil Royality Trust (NRT) and Playboy, Inc. (PLBY) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRT and PLBY?
Across a 3-year window, the weekly returns of NRT and PLBY correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. Stretching to 5 years gives -0.12, with an annualized covariance of -961.7 %².
Among the 62 assets we track against NRT, PLBY ranks #34 by 3-year correlation. The last year tells two different stories: NRT led by 113.8 percentage points, +85.2% for NRT against -28.6% for PLBY. Note the risk asymmetry: PLBY runs 1.7 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 PLBY: side by side
| NRT (North European Oil Royality Trust) | PLBY (Playboy, Inc.) | |
|---|---|---|
| 1-year return | +85.2% | -28.6% |
| 5-year return | +131.5% | -95.1% |
| Volatility (ann.) | 51.6% | 87.2% |
| Beta vs S&P 500 | -0.42 | 1.39 |
| Max drawdown (3Y) | -66.1% | -66.5% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 8.4 | 60.0 |
| Dividend yield | 11.95% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NRT | PLBY |
|---|---|---|
| 2022 | +41.9% | -89.7% |
| 2023 | -46.5% | -63.6% |
| 2024 | -25.3% | +46.0% |
| 2025 | +88.4% | +28.8% |
| 2026 | +41.9% | -36.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRT and PLBY good diversifiers for each other?
Yes. With a correlation of -0.21, NRT and PLBY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NRT and PLBY?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.23 over the last year and -0.12 over 5 years.
Is PLBY a good diversifier for NRT?
Yes. With a correlation of -0.21, NRT and PLBY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nrt-vs-plby.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nrt-vs-plby/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NRT correlations · PLBY correlations
