CUBE vs GNE: Correlation
CubeSmart (CUBE) and Genie Energy Ltd. (GNE) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CUBE and GNE?
Over the past 3 years, CUBE and GNE moved with a correlation of 0.31, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.31 over 3 years. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 264.4 %².
Among the 24 assets we track against CUBE, GNE sits near the bottom by co-movement, at rank #20. Neither side won the trailing year by much: +3.8% against +0.7%. Risk is not evenly split, since GNE carries 1.6 times the volatility of the other side.
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 GNE: side by side
| CUBE (CubeSmart) | GNE (Genie Energy Ltd.) | |
|---|---|---|
| 1-year return | +3.8% | +0.7% |
| 5-year return | -6.2% | +155.5% |
| Volatility (ann.) | 23.0% | 37.4% |
| Beta vs S&P 500 | 0.63 | 0.18 |
| Max drawdown (3Y) | -32.0% | -55.5% |
| Market cap | $9.0B | $0.4B |
| P/E (trailing) | 27.6 | 13.4 |
| Dividend yield | 5.22% | 2.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CUBE | GNE |
|---|---|---|
| 2022 | -26.3% | +95.3% |
| 2023 | +20.5% | +177.3% |
| 2024 | -4.5% | -43.6% |
| 2025 | -11.6% | -9.9% |
| 2026 | +15.7% | +9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CUBE and GNE good diversifiers for each other?
Reasonably. At 0.31, CUBE and GNE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CUBE and GNE?
As of 2026-08-27, the correlation of weekly returns between CUBE and GNE is 0.31 over 3 years, 0.57 over 1 year and 0.19 over 5 years.
Is GNE a good diversifier for CUBE?
Reasonably. At 0.31, CUBE and GNE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 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-gne.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cube-vs-gne/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CUBE correlations · GNE correlations
