EGP vs EXR: Correlation
EastGroup Properties, Inc. (EGP) and Extra Space Storage (EXR) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGP and EXR?
Across a 3-year window, the weekly returns of EGP and EXR correlate at 0.62, strong. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. Stretching to 5 years gives 0.68, with an annualized covariance of 307.7 %².
Within EGP's tracked universe of 15 assets, EXR comes in at #9 by 3-year correlation. The last year tells two different stories: EGP led by 17.0 percentage points, +22.6% for EGP against +5.6% for EXR.
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.
EGP vs EXR: side by side
| EGP (EastGroup Properties, Inc.) | EXR (Extra Space Storage) | |
|---|---|---|
| 1-year return | +22.6% | +5.6% |
| 5-year return | +29.6% | -6.1% |
| Volatility (ann.) | 19.2% | 26.0% |
| Beta vs S&P 500 | 0.58 | 0.68 |
| Max drawdown (3Y) | -22.4% | -29.4% |
| Market cap | $10.8B | $31.5B |
| P/E (trailing) | 35.3 | 31.6 |
| Dividend yield | 3.19% | 4.50% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | EGP | EXR |
|---|---|---|
| 2022 | -33.1% | -32.8% |
| 2023 | +27.7% | +13.9% |
| 2024 | -9.8% | -2.8% |
| 2025 | +14.9% | -8.9% |
| 2026 | +14.1% | +12.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGP and EXR good diversifiers for each other?
To a limited degree. At 0.62 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 EGP and EXR?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.64 over the last year and 0.68 over 5 years.
Is EXR a good diversifier for EGP?
To a limited degree. At 0.62 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 0.62 mean?
A reading of 0.62 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/egp-vs-exr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/egp-vs-exr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EGP correlations · EXR correlations
