CUBE vs EGP: Correlation
CubeSmart (CUBE) and EastGroup Properties, Inc. (EGP) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CUBE and EGP?
Over the past 3 years, CUBE and EGP moved with a correlation of 0.72, which is strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 318.4 %².
Within CUBE's tracked universe of 24 assets, EGP comes in at #5 by 3-year correlation. The last year tells two different stories: EGP led by 18.8 percentage points, +3.8% for CUBE against +22.6% for EGP.
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.
CUBE vs EGP: side by side
| CUBE (CubeSmart) | EGP (EastGroup Properties, Inc.) | |
|---|---|---|
| 1-year return | +3.8% | +22.6% |
| 5-year return | -6.2% | +29.6% |
| Volatility (ann.) | 23.0% | 19.2% |
| Beta vs S&P 500 | 0.63 | 0.58 |
| Max drawdown (3Y) | -32.0% | -22.4% |
| Market cap | $9.0B | $10.8B |
| P/E (trailing) | 27.6 | 35.3 |
| Dividend yield | 5.22% | 3.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CUBE | EGP |
|---|---|---|
| 2022 | -26.3% | -33.1% |
| 2023 | +20.5% | +27.7% |
| 2024 | -4.5% | -9.8% |
| 2025 | -11.6% | +14.9% |
| 2026 | +15.7% | +14.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CUBE and EGP good diversifiers for each other?
To a limited degree. At 0.72 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 CUBE and EGP?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.70 over the last year and 0.77 over 5 years.
Is EGP a good diversifier for CUBE?
To a limited degree. At 0.72 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 0.72 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/cube-vs-egp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cube-vs-egp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CUBE correlations · EGP correlations
