NTST vs WPC: Correlation
How closely do NetSTREIT Corp. (NTST) and W. P. Carey Inc. REIT (WPC) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTST and WPC?
On 3 years of weekly data the NTST/WPC correlation comes out at 0.68, strong. The relationship has been stable: the 1-year correlation (0.72) sits close to the 3-year figure. The 5-year figure is 0.64, and annualized covariance runs at 332.3 %².
Within NTST's tracked universe of 14 assets, WPC comes in at #5 by 3-year correlation. Over the last 12 months NTST came out ahead by 5.8 percentage points (+17.0% against +11.2%).
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 WPC: side by side
| NTST (NetSTREIT Corp.) | WPC (W. P. Carey Inc. REIT) | |
|---|---|---|
| 1-year return | +17.0% | +11.2% |
| 5-year return | -2.0% | +23.0% |
| Volatility (ann.) | 23.4% | 20.9% |
| Beta vs S&P 500 | 0.44 | 0.30 |
| Max drawdown (3Y) | -23.0% | -19.6% |
| Market cap | $2.1B | $16.0B |
| P/E (trailing) | 146.6 | 24.4 |
| Dividend yield | 4.19% | 5.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NTST | WPC |
|---|---|---|
| 2022 | -16.8% | +0.5% |
| 2023 | +2.1% | -9.9% |
| 2024 | -16.7% | -10.6% |
| 2025 | +31.2% | +25.0% |
| 2026 | +18.9% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTST and WPC good diversifiers for each other?
To a limited degree. At 0.68 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 WPC?
As of 2026-08-27, the correlation of weekly returns between NTST and WPC is 0.68 over 3 years, 0.72 over 1 year and 0.64 over 5 years.
Is WPC a good diversifier for NTST?
To a limited degree. At 0.68 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 0.68 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/ntst-vs-wpc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ntst-vs-wpc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NTST correlations · WPC correlations
