CUBE vs LH: Correlation
How closely do CubeSmart (CUBE) and Labcorp (LH) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CUBE and LH?
Across a 3-year window, the weekly returns of CUBE and LH correlate at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 240.6 %².
Among the 24 assets we track against CUBE, LH ranks #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LH ahead by 18.0 points (+3.8% versus +21.8%).
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.
CUBE vs LH: side by side
| CUBE (CubeSmart) | LH (Labcorp) | |
|---|---|---|
| 1-year return | +3.8% | +21.8% |
| 5-year return | -6.2% | +36.0% |
| Volatility (ann.) | 23.0% | 21.4% |
| Beta vs S&P 500 | 0.63 | 0.33 |
| Max drawdown (3Y) | -32.0% | -17.4% |
| Market cap | $9.0B | $27.3B |
| P/E (trailing) | 27.6 | 27.8 |
| Dividend yield | 5.22% | 0.86% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | CUBE | LH |
|---|---|---|
| 2022 | -26.3% | -24.4% |
| 2023 | +20.5% | +13.8% |
| 2024 | -4.5% | +2.2% |
| 2025 | -11.6% | +10.6% |
| 2026 | +15.7% | +34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CUBE and LH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CUBE and LH?
As of 2026-08-27, the correlation of weekly returns between CUBE and LH is 0.49 over 3 years, 0.48 over 1 year and 0.49 over 5 years.
Is LH a good diversifier for CUBE?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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-lh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cube-vs-lh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CUBE correlations · LH correlations
