NRT vs SYY: Correlation
North European Oil Royality Trust (NRT) and Sysco (SYY) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRT and SYY?
Over the past 3 years, NRT and SYY moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.23 over 3. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -240.6 %².
By 3-year correlation, SYY places #50 of the 62 assets tracked against NRT. Their recent paths diverged sharply: over the last 12 months NRT outperformed by 79.6 percentage points (+85.2% for NRT against +5.6% for SYY). Note the risk asymmetry: NRT runs 2.5 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 SYY: side by side
| NRT (North European Oil Royality Trust) | SYY (Sysco) | |
|---|---|---|
| 1-year return | +85.2% | +5.6% |
| 5-year return | +131.5% | +19.2% |
| Volatility (ann.) | 51.6% | 20.3% |
| Beta vs S&P 500 | -0.42 | 0.14 |
| Max drawdown (3Y) | -66.1% | -24.0% |
| Market cap | $0.1B | $39.5B |
| P/E (trailing) | 8.4 | 22.5 |
| Dividend yield | 11.95% | 2.61% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | NRT | SYY |
|---|---|---|
| 2022 | +41.9% | -0.3% |
| 2023 | -46.5% | -1.7% |
| 2024 | -25.3% | +7.4% |
| 2025 | +88.4% | -1.0% |
| 2026 | +41.9% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRT and SYY good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NRT and SYY?
The NRT/SYY correlation stands at -0.23 on a 3-year window (1 year: -0.28, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is SYY a good diversifier for NRT?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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-syy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nrt-vs-syy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NRT correlations · SYY correlations
