NXDT vs UONE: Correlation
Measured on weekly returns over the past three years, NexPoint Diversified Real Estate Trust (NXDT) and Urban One, Inc. (UONE) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXDT and UONE?
Over the past 3 years, NXDT and UONE moved with a correlation of 0.36, which is moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 1168.2 %².
Within NXDT's tracked universe of 12 assets, UONE comes in at #7 by 3-year correlation. The last year tells two different stories: NXDT led by 130.1 percentage points, +59.7% for NXDT against -70.4% for UONE.
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.
NXDT vs UONE: side by side
| NXDT (NexPoint Diversified Real Estate Trust) | UONE (Urban One, Inc.) | |
|---|---|---|
| 1-year return | +59.7% | -70.4% |
| 5-year return | -44.2% | -93.9% |
| Volatility (ann.) | 48.6% | 67.2% |
| Beta vs S&P 500 | 0.90 | 0.97 |
| Max drawdown (3Y) | -65.1% | -91.9% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 10.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXDT | UONE |
|---|---|---|
| 2022 | -14.0% | -2.2% |
| 2023 | -24.9% | -11.4% |
| 2024 | -15.0% | -61.8% |
| 2025 | -25.8% | -33.1% |
| 2026 | +51.6% | -53.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXDT and UONE good diversifiers for each other?
Reasonably. At 0.36, NXDT and UONE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NXDT and UONE?
As of 2026-08-27, the correlation of weekly returns between NXDT and UONE is 0.36 over 3 years, 0.43 over 1 year and 0.32 over 5 years.
Is UONE a good diversifier for NXDT?
Reasonably. At 0.36, NXDT and UONE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nxdt-vs-uone.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nxdt-vs-uone/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NXDT correlations · UONE correlations
