NRT vs UPBD: Correlation
North European Oil Royality Trust (NRT) and Upbound Group, Inc. (UPBD) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRT and UPBD?
On 3 years of weekly data the NRT/UPBD correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.20 lands near the 3-year figure. The 5-year figure is -0.03, and annualized covariance runs at -452.5 %².
By 3-year correlation, UPBD places #36 of the 62 assets tracked against NRT. The last year tells two different stories: NRT led by 105.0 percentage points, +85.2% for NRT against -19.8% for UPBD.
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 UPBD: side by side
| NRT (North European Oil Royality Trust) | UPBD (Upbound Group, Inc.) | |
|---|---|---|
| 1-year return | +85.2% | -19.8% |
| 5-year return | +131.5% | -60.7% |
| Volatility (ann.) | 51.6% | 41.4% |
| Beta vs S&P 500 | -0.42 | 1.23 |
| Max drawdown (3Y) | -66.1% | -54.2% |
| Market cap | $0.1B | $1.1B |
| P/E (trailing) | 8.4 | 12.6 |
| Dividend yield | 11.95% | 8.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NRT | UPBD |
|---|---|---|
| 2022 | +41.9% | -49.9% |
| 2023 | -46.5% | +57.9% |
| 2024 | -25.3% | -10.1% |
| 2025 | +88.4% | -35.4% |
| 2026 | +41.9% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRT and UPBD good diversifiers for each other?
Yes. With a correlation of -0.21, NRT and UPBD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NRT and UPBD?
The NRT/UPBD correlation stands at -0.21 on a 3-year window (1 year: -0.20, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is UPBD a good diversifier for NRT?
Yes. With a correlation of -0.21, NRT and UPBD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nrt-vs-upbd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nrt-vs-upbd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NRT correlations · UPBD correlations
