ALX vs STAG: Correlation
How closely do Alexander's, Inc. (ALX) and Stag Industrial, Inc. (STAG) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALX and STAG?
On 3 years of weekly data the ALX/STAG correlation comes out at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 325.2 %².
In ALX's tracked universe of 12 assets, STAG sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months ALX outperformed by 20.0 percentage points (+24.1% for ALX against +4.1% for STAG).
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 STAG: side by side
| ALX (Alexander's, Inc.) | STAG (Stag Industrial, Inc.) | |
|---|---|---|
| 1-year return | +24.1% | +4.1% |
| 5-year return | +51.5% | +6.2% |
| Volatility (ann.) | 26.4% | 20.8% |
| Beta vs S&P 500 | 0.64 | 0.55 |
| Max drawdown (3Y) | -23.2% | -24.6% |
| Market cap | $1.4B | $7.3B |
| P/E (trailing) | 8.2 | 28.5 |
| Dividend yield | 6.62% | 4.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALX | STAG |
|---|---|---|
| 2022 | -9.1% | -29.6% |
| 2023 | +6.4% | +26.8% |
| 2024 | +1.4% | -10.3% |
| 2025 | +18.4% | +13.3% |
| 2026 | +31.2% | +3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALX and STAG good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALX and STAG?
As of 2026-08-27, the correlation of weekly returns between ALX and STAG is 0.59 over 3 years, 0.52 over 1 year and 0.52 over 5 years.
Is STAG a good diversifier for ALX?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
A reading of 0.59 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/alx-vs-stag.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alx-vs-stag/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALX correlations · STAG correlations
