NRT vs V: Correlation
North European Oil Royality Trust (NRT) and Visa Inc. (V) 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 V?
Across a 3-year window, the weekly returns of NRT and V correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.15) sits close to the 3-year figure. Stretching to 5 years gives -0.04, with an annualized covariance of -206.9 %².
Among the 62 assets we track against NRT, V ranks #37 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NRT outperformed by 76.0 percentage points (+85.2% for NRT against +9.2% for V). Note the risk asymmetry: NRT runs 2.7 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 V: side by side
| NRT (North European Oil Royality Trust) | V (Visa Inc.) | |
|---|---|---|
| 1-year return | +85.2% | +9.2% |
| 5-year return | +131.5% | +70.5% |
| Volatility (ann.) | 51.6% | 19.1% |
| Beta vs S&P 500 | -0.42 | 0.72 |
| Max drawdown (3Y) | -66.1% | -20.4% |
| Market cap | $0.1B | $708.8B |
| P/E (trailing) | 8.4 | 32.7 |
| Dividend yield | 11.95% | 0.70% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | NRT | V |
|---|---|---|
| 2022 | +41.9% | -3.4% |
| 2023 | -46.5% | +26.3% |
| 2024 | -25.3% | +22.3% |
| 2025 | +88.4% | +11.8% |
| 2026 | +41.9% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRT and V good diversifiers for each other?
Yes. With a correlation of -0.21, NRT and V have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NRT and V?
As of 2026-08-27, the correlation of weekly returns between NRT and V is -0.21 over 3 years, -0.15 over 1 year and -0.04 over 5 years.
Is V a good diversifier for NRT?
Yes. With a correlation of -0.21, NRT and V have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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-v.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nrt-vs-v/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NRT correlations · V correlations
