NTST vs ZCMD: Correlation
Measured on weekly returns over the past three years, NetSTREIT Corp. (NTST) and Zhongchao Inc. - Class A (ZCMD) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTST and ZCMD?
Across a 3-year window, the weekly returns of NTST and ZCMD correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.13) runs above the 3-year figure (-0.24). Stretching to 5 years gives -0.18, with an annualized covariance of -812.8 %².
ZCMD is close to the least connected end of NTST's tracked universe, ranking #12 of 14. The last year tells two different stories: NTST led by 116.9 percentage points, +17.0% for NTST against -99.9% for ZCMD. One caveat on sizing: ZCMD is 6.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 ZCMD: side by side
| NTST (NetSTREIT Corp.) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | +17.0% | -99.9% |
| 5-year return | -2.0% | -100.0% |
| Volatility (ann.) | 23.4% | 141.8% |
| Beta vs S&P 500 | 0.44 | 0.59 |
| Max drawdown (3Y) | -23.0% | -100.0% |
| Market cap | $2.1B | – |
| P/E (trailing) | 146.6 | – |
| Dividend yield | 4.19% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NTST | ZCMD |
|---|---|---|
| 2022 | -16.8% | -35.4% |
| 2023 | +2.1% | -69.5% |
| 2024 | -16.7% | -53.8% |
| 2025 | +31.2% | -72.2% |
| 2026 | +18.9% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTST and ZCMD good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between NTST and ZCMD?
As of 2026-08-27, the correlation of weekly returns between NTST and ZCMD is -0.24 over 3 years, -0.13 over 1 year and -0.18 over 5 years.
Is ZCMD a good diversifier for NTST?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ntst-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NTST correlations · ZCMD correlations
