NRT vs VRTX: Correlation
How closely do North European Oil Royality Trust (NRT) and Vertex Pharmaceuticals (VRTX) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRT and VRTX?
On 3 years of weekly data the NRT/VRTX correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.22 over 3. The 5-year figure is -0.05, and annualized covariance runs at -350.0 %².
Among the 62 assets we track against NRT, VRTX ranks #44 by 3-year correlation. The last year tells two different stories: NRT led by 44.5 percentage points, +85.2% for NRT against +40.7% for VRTX. Note the risk asymmetry: NRT 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 VRTX: side by side
| NRT (North European Oil Royality Trust) | VRTX (Vertex Pharmaceuticals) | |
|---|---|---|
| 1-year return | +85.2% | +40.7% |
| 5-year return | +131.5% | +174.5% |
| Volatility (ann.) | 51.6% | 30.3% |
| Beta vs S&P 500 | -0.42 | 0.55 |
| Max drawdown (3Y) | -66.1% | -29.1% |
| Market cap | $0.1B | $138.8B |
| P/E (trailing) | 8.4 | 31.9 |
| Dividend yield | 11.95% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | NRT | VRTX |
|---|---|---|
| 2022 | +41.9% | +31.5% |
| 2023 | -46.5% | +40.9% |
| 2024 | -25.3% | -1.0% |
| 2025 | +88.4% | +12.6% |
| 2026 | +41.9% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRT and VRTX good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NRT and VRTX?
As of 2026-08-27, the correlation of weekly returns between NRT and VRTX is -0.22 over 3 years, -0.28 over 1 year and -0.05 over 5 years.
Is VRTX a good diversifier for NRT?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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-vrtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nrt-vs-vrtx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NRT correlations · VRTX correlations
