ALX vs CUBE: Correlation
Measured on weekly returns over the past three years, Alexander's, Inc. (ALX) and CubeSmart (CUBE) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALX and CUBE?
Over the past 3 years, ALX and CUBE moved with a correlation of 0.56, which is moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 340.1 %².
Within ALX's tracked universe of 12 assets, CUBE comes in at #5 by 3-year correlation. The last year tells two different stories: ALX led by 20.3 percentage points, +24.1% for ALX against +3.8% for CUBE.
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.
ALX vs CUBE: side by side
| ALX (Alexander's, Inc.) | CUBE (CubeSmart) | |
|---|---|---|
| 1-year return | +24.1% | +3.8% |
| 5-year return | +51.5% | -6.2% |
| Volatility (ann.) | 26.4% | 23.0% |
| Beta vs S&P 500 | 0.64 | 0.63 |
| Max drawdown (3Y) | -23.2% | -32.0% |
| Market cap | $1.4B | $9.0B |
| P/E (trailing) | 8.2 | 27.6 |
| Dividend yield | 6.62% | 5.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALX | CUBE |
|---|---|---|
| 2022 | -9.1% | -26.3% |
| 2023 | +6.4% | +20.5% |
| 2024 | +1.4% | -4.5% |
| 2025 | +18.4% | -11.6% |
| 2026 | +31.2% | +15.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALX and CUBE good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ALX and CUBE?
As of 2026-08-27, the correlation of weekly returns between ALX and CUBE is 0.56 over 3 years, 0.52 over 1 year and 0.45 over 5 years.
Is CUBE a good diversifier for ALX?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/alx-vs-cube.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alx-vs-cube/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALX correlations · CUBE correlations
