NRT vs XYZ: Correlation
Measured on weekly returns over the past three years, North European Oil Royality Trust (NRT) and Block, Inc. (XYZ) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRT and XYZ?
Across a 3-year window, the weekly returns of NRT and XYZ correlate at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.12) sits close to the 3-year figure. Stretching to 5 years gives -0.01, with an annualized covariance of -495.2 %².
By 3-year correlation, XYZ places #25 of the 62 assets tracked against NRT. Their recent paths diverged sharply: over the last 12 months NRT outperformed by 78.3 percentage points (+85.2% for NRT against +6.9% for XYZ).
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 XYZ: side by side
| NRT (North European Oil Royality Trust) | XYZ (Block, Inc.) | |
|---|---|---|
| 1-year return | +85.2% | +6.9% |
| 5-year return | +131.5% | -68.8% |
| Volatility (ann.) | 51.6% | 50.2% |
| Beta vs S&P 500 | -0.42 | 1.80 |
| Max drawdown (3Y) | -66.1% | -53.0% |
| Market cap | $0.1B | $51.0B |
| P/E (trailing) | 8.4 | 151.5 |
| Dividend yield | 11.95% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | NRT | XYZ |
|---|---|---|
| 2022 | +41.9% | -61.1% |
| 2023 | -46.5% | +23.1% |
| 2024 | -25.3% | +9.9% |
| 2025 | +88.4% | -23.4% |
| 2026 | +41.9% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRT and XYZ good diversifiers for each other?
Yes. With a correlation of -0.19, NRT and XYZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NRT and XYZ?
As of 2026-08-27, the correlation of weekly returns between NRT and XYZ is -0.19 over 3 years, -0.12 over 1 year and -0.01 over 5 years.
Is XYZ a good diversifier for NRT?
Yes. With a correlation of -0.19, NRT and XYZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 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-xyz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nrt-vs-xyz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NRT correlations · XYZ correlations
