AMT vs CUBE: Correlation
American Tower (AMT) and CubeSmart (CUBE) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMT and CUBE?
On 3 years of weekly data the AMT/CUBE correlation comes out at 0.55, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.45 versus 0.55 over 3 years. The 5-year figure is 0.59, and annualized covariance runs at 341.2 %².
Among the 30 assets we track against AMT, CUBE ranks #14 by 3-year correlation. On 12-month performance CUBE holds a 14.8-point edge, -11.0% against +3.8%.
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.
AMT vs CUBE: side by side
| AMT (American Tower) | CUBE (CubeSmart) | |
|---|---|---|
| 1-year return | -11.0% | +3.8% |
| 5-year return | -30.2% | -6.2% |
| Volatility (ann.) | 27.1% | 23.0% |
| Beta vs S&P 500 | 0.18 | 0.63 |
| Max drawdown (3Y) | -28.4% | -32.0% |
| Market cap | $81.2B | $9.0B |
| P/E (trailing) | 24.2 | 27.6 |
| Dividend yield | 3.97% | 5.22% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | AMT | CUBE |
|---|---|---|
| 2022 | -25.7% | -26.3% |
| 2023 | +5.4% | +20.5% |
| 2024 | -12.2% | -4.5% |
| 2025 | -0.9% | -11.6% |
| 2026 | +1.1% | +15.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMT and CUBE good diversifiers for each other?
Only partially. A correlation of 0.55 means AMT and CUBE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AMT and CUBE?
The AMT/CUBE correlation stands at 0.55 on a 3-year window (1 year: 0.45, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is CUBE a good diversifier for AMT?
Only partially. A correlation of 0.55 means AMT and CUBE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amt-vs-cube.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amt-vs-cube/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMT correlations · CUBE correlations
