NRT vs REG: Correlation
Measured on weekly returns over the past three years, North European Oil Royality Trust (NRT) and Regency Centers (REG) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRT and REG?
Over the past 3 years, NRT and REG moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.11 lands near the 3-year figure. Over 5 years the correlation is 0.04, and the annualized covariance of weekly returns is -183.4 %².
Among the 62 assets we track against NRT, REG ranks #30 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NRT outperformed by 76.8 percentage points (+85.2% for NRT against +8.4% for REG). Note the risk asymmetry: NRT runs 2.9 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 REG: side by side
| NRT (North European Oil Royality Trust) | REG (Regency Centers) | |
|---|---|---|
| 1-year return | +85.2% | +8.4% |
| 5-year return | +131.5% | +35.2% |
| Volatility (ann.) | 51.6% | 17.8% |
| Beta vs S&P 500 | -0.42 | 0.34 |
| Max drawdown (3Y) | -66.1% | -15.1% |
| Market cap | $0.1B | $14.1B |
| P/E (trailing) | 8.4 | 25.5 |
| Dividend yield | 11.95% | 3.89% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | NRT | REG |
|---|---|---|
| 2022 | +41.9% | -13.6% |
| 2023 | -46.5% | +11.9% |
| 2024 | -25.3% | +14.9% |
| 2025 | +88.4% | -2.8% |
| 2026 | +41.9% | +11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRT and REG good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NRT and REG?
The NRT/REG correlation stands at -0.20 on a 3-year window (1 year: -0.11, 5 years: 0.04), computed from weekly returns as of 2026-08-27.
Is REG a good diversifier for NRT?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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-reg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nrt-vs-reg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NRT correlations · REG correlations
