NTST vs O: Correlation
How closely do NetSTREIT Corp. (NTST) and Realty Income (O) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTST and O?
On 3 years of weekly data the NTST/O correlation comes out at 0.66, strong. The relationship has been stable: the 1-year correlation (0.74) sits close to the 3-year figure. The 5-year figure is 0.65, and annualized covariance runs at 268.3 %².
Among the 14 assets we track against NTST, O ranks #6 by 3-year correlation. Over the last 12 months NTST came out ahead by 5.7 percentage points (+17.0% against +11.3%).
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.
NTST vs O: side by side
| NTST (NetSTREIT Corp.) | O (Realty Income) | |
|---|---|---|
| 1-year return | +17.0% | +11.3% |
| 5-year return | -2.0% | +14.5% |
| Volatility (ann.) | 23.4% | 17.3% |
| Beta vs S&P 500 | 0.44 | 0.21 |
| Max drawdown (3Y) | -23.0% | -19.3% |
| Market cap | $2.1B | $58.5B |
| P/E (trailing) | 146.6 | 45.4 |
| Dividend yield | 4.19% | 5.20% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | NTST | O |
|---|---|---|
| 2022 | -16.8% | -7.4% |
| 2023 | +2.1% | -4.5% |
| 2024 | -16.7% | -2.1% |
| 2025 | +31.2% | +12.2% |
| 2026 | +18.9% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTST and O good diversifiers for each other?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between NTST and O?
The NTST/O correlation stands at 0.66 on a 3-year window (1 year: 0.74, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is O a good diversifier for NTST?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.66 mean?
A reading of 0.66 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/ntst-vs-o.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ntst-vs-o/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NTST correlations · O correlations
