STRW vs XRN: Correlation
How closely do Strawberry Fields REIT, Inc. (STRW) and Chiron Real Estate Inc. (XRN) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STRW and XRN?
On 3 years of weekly data the STRW/XRN correlation comes out at 0.30, moderate. Little has changed lately, as the 1-year reading of 0.20 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 285.4 %².
Among the 14 assets we track against STRW, XRN ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months STRW outperformed by 16.5 percentage points (+22.4% for STRW against +5.9% for XRN).
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.
STRW vs XRN: side by side
| STRW (Strawberry Fields REIT, Inc.) | XRN (Chiron Real Estate Inc.) | |
|---|---|---|
| 1-year return | +22.4% | +5.9% |
| 5-year return | n/a | -27.0% |
| Volatility (ann.) | 32.1% | 29.5% |
| Beta vs S&P 500 | 0.19 | 0.62 |
| Max drawdown (3Y) | -26.6% | -39.2% |
| Market cap | $0.8B | $0.5B |
| P/E (trailing) | 21.1 | 10.1 |
| Dividend yield | 2.33% | 6.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STRW | XRN |
|---|---|---|
| 2022 | – | -42.4% |
| 2023 | – | +27.9% |
| 2024 | +43.9% | -23.6% |
| 2025 | +30.5% | -4.1% |
| 2026 | +8.8% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STRW and XRN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between STRW and XRN?
The STRW/XRN correlation stands at 0.30 on a 3-year window (1 year: 0.20, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is XRN a good diversifier for STRW?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 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/strw-vs-xrn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/strw-vs-xrn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: STRW correlations · XRN correlations
