ARE vs REXR: Correlation
Measured on weekly returns over the past three years, Alexandria Real Estate Equities (ARE) and Rexford Industrial Realty, Inc. (REXR) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARE and REXR?
On 3 years of weekly data the ARE/REXR correlation comes out at 0.61, strong. The past 12 months show a weaker link (0.46) than the 3-year average (0.61). The 5-year figure is 0.65, and annualized covariance runs at 602.3 %².
Within ARE's tracked universe of 34 assets, REXR comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months REXR outperformed by 25.3 percentage points (-32.1% for ARE against -6.8% for REXR).
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.
ARE vs REXR: side by side
| ARE (Alexandria Real Estate Equities) | REXR (Rexford Industrial Realty, Inc.) | |
|---|---|---|
| 1-year return | -32.1% | -6.8% |
| 5-year return | -68.3% | -29.5% |
| Volatility (ann.) | 38.3% | 25.9% |
| Beta vs S&P 500 | 0.91 | 0.83 |
| Max drawdown (3Y) | -65.6% | -41.9% |
| Market cap | $9.0B | $8.5B |
| P/E (trailing) | – | – |
| Dividend yield | 6.57% | 4.64% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | ARE | REXR |
|---|---|---|
| 2022 | -32.6% | -31.2% |
| 2023 | -9.1% | +5.6% |
| 2024 | -19.4% | -28.5% |
| 2025 | -46.6% | +4.7% |
| 2026 | +9.9% | -1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARE and REXR good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARE and REXR?
As of 2026-08-27, the correlation of weekly returns between ARE and REXR is 0.61 over 3 years, 0.46 over 1 year and 0.65 over 5 years.
Is REXR a good diversifier for ARE?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 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/are-vs-rexr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/are-vs-rexr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARE correlations · REXR correlations
