CUBE vs UHAL: Correlation
Measured on weekly returns over the past three years, CubeSmart (CUBE) and U-Haul Holding Company (UHAL) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CUBE and UHAL?
Over the past 3 years, CUBE and UHAL moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 375.0 %².
Among the 24 assets we track against CUBE, UHAL ranks #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with UHAL ahead by 15.3 points (+3.8% versus +19.1%).
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 UHAL: side by side
| CUBE (CubeSmart) | UHAL (U-Haul Holding Company) | |
|---|---|---|
| 1-year return | +3.8% | +19.1% |
| 5-year return | -6.2% | +2.2% |
| Volatility (ann.) | 23.0% | 28.6% |
| Beta vs S&P 500 | 0.63 | 0.81 |
| Max drawdown (3Y) | -32.0% | -46.2% |
| Market cap | $9.0B | $13.4B |
| P/E (trailing) | 27.6 | 488.6 |
| Dividend yield | 5.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CUBE | UHAL |
|---|---|---|
| 2022 | -26.3% | -17.0% |
| 2023 | +20.5% | +19.3% |
| 2024 | -4.5% | -3.8% |
| 2025 | -11.6% | -27.0% |
| 2026 | +15.7% | +35.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CUBE and UHAL good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CUBE and UHAL?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.59 over the last year and 0.50 over 5 years.
Is UHAL a good diversifier for CUBE?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cube-vs-uhal.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cube-vs-uhal/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CUBE correlations · UHAL correlations
