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NLOP correlations (Net Lease Office Properties)

Which assets move with NLOP and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)
39.2%
3y weekly
Beta vs S&P 500
0.18
3y weekly
1-year return
+8.0%
price, adjusted
5-year return
n/a
price, adjusted
Market cap
$0.2B
latest
Max drawdown
-46.0%
3y, daily closes
-7%0%+26%2025-09-052026-08-27
NLOP over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with NLOP

AssetCorrelation (3Y)
NCDLNuveen Churchill Direct Lending Corp.0.38
SUNSSunrise Realty Trust, Inc.0.37
MBBCMarathon Bancorp, Inc.0.35
ESTCElastic N.V.0.33
HQYHealthEquity, Inc.0.32

Best diversifiers for NLOP

If the goal is offsetting NLOP, these tracked assets have historically moved the most on their own terms.

AssetCorrelation (3Y)
TGTXTG Therapeutics, Inc.-0.35
LOCLLocal Bounti Corporation-0.32
PYTPPlus Tr GSC-2 Tr Ctf Fltg Rate-0.31

NLOP vs benchmarks

NLOP vs SPY 0.07 NLOP vs QQQ 0.05

Get NLOP data as JSON

Free API · no key required
$ curl https://www.pairbook.io/api/v1/symbols/nlop.json

Correlations, diversifiers, beta and volatility for NLOP, plus one endpoint per pair. API documentation.