CNS vs CUBE: Correlation
How closely do Cohen & Steers Inc (CNS) and CubeSmart (CUBE) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNS and CUBE?
On 3 years of weekly data the CNS/CUBE correlation comes out at 0.66, strong. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 459.9 %².
Among the 13 assets we track against CNS, CUBE ranks #4 by 3-year correlation. On 12-month performance CNS holds a 9.9-point edge, +13.7% 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.
CNS vs CUBE: side by side
| CNS (Cohen & Steers Inc) | CUBE (CubeSmart) | |
|---|---|---|
| 1-year return | +13.7% | +3.8% |
| 5-year return | +11.8% | -6.2% |
| Volatility (ann.) | 30.4% | 23.0% |
| Beta vs S&P 500 | 0.83 | 0.63 |
| Max drawdown (3Y) | -42.6% | -32.0% |
| Market cap | $4.2B | $9.0B |
| P/E (trailing) | 25.7 | 27.6 |
| Dividend yield | 3.10% | 5.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNS | CUBE |
|---|---|---|
| 2022 | -28.0% | -26.3% |
| 2023 | +21.8% | +20.5% |
| 2024 | +25.5% | -4.5% |
| 2025 | -29.8% | -11.6% |
| 2026 | +35.3% | +15.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNS and CUBE good diversifiers for each other?
To a limited degree. At 0.66 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 CNS and CUBE?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.62 over the last year and 0.60 over 5 years.
Is CUBE a good diversifier for CNS?
To a limited degree. At 0.66 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 0.66 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/cns-vs-cube.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cns-vs-cube/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CNS correlations · CUBE correlations
