NXRT vs UDR: Correlation
How closely do NexPoint Residential Trust, Inc. (NXRT) and UDR, Inc. (UDR) trade together? Their weekly returns over three years give a correlation of 0.76, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXRT and UDR?
Across a 3-year window, the weekly returns of NXRT and UDR correlate at 0.76, strong. The link has loosened recently: the 1-year correlation (0.62) runs below the 3-year figure (0.76). Stretching to 5 years gives 0.76, with an annualized covariance of 465.5 %².
Few assets follow NXRT as closely as UDR, which ranks #3 of 17 tracked partners. Their recent paths diverged sharply: over the last 12 months UDR outperformed by 24.3 percentage points (-24.9% for NXRT against -0.6% for UDR).
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.
NXRT vs UDR: side by side
| NXRT (NexPoint Residential Trust, Inc.) | UDR (UDR, Inc.) | |
|---|---|---|
| 1-year return | -24.9% | -0.6% |
| 5-year return | -54.1% | -15.5% |
| Volatility (ann.) | 29.2% | 21.1% |
| Beta vs S&P 500 | 0.83 | 0.54 |
| Max drawdown (3Y) | -45.0% | -24.9% |
| Market cap | $1.2B | $13.6B |
| P/E (trailing) | – | 23.9 |
| Dividend yield | 8.67% | 4.56% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | NXRT | UDR |
|---|---|---|
| 2022 | -46.7% | -33.4% |
| 2023 | -17.3% | +3.1% |
| 2024 | +27.3% | +18.3% |
| 2025 | -23.3% | -11.8% |
| 2026 | -18.8% | +4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXRT and UDR good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NXRT and UDR?
As of 2026-08-27, the correlation of weekly returns between NXRT and UDR is 0.76 over 3 years, 0.62 over 1 year and 0.76 over 5 years.
Is UDR a good diversifier for NXRT?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
A reading of 0.76 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/nxrt-vs-udr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nxrt-vs-udr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NXRT correlations · UDR correlations
