EGP vs LXP: Correlation
EastGroup Properties, Inc. (EGP) and LXP Industrial Trust (LXP) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGP and LXP?
On 3 years of weekly data the EGP/LXP correlation comes out at 0.73, strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 314.5 %².
Within EGP's tracked universe of 15 assets, LXP comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LXP ahead by 19.6 points (+22.6% versus +42.2%).
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 LXP: side by side
| EGP (EastGroup Properties, Inc.) | LXP (LXP Industrial Trust) | |
|---|---|---|
| 1-year return | +22.6% | +42.2% |
| 5-year return | +29.6% | +17.3% |
| Volatility (ann.) | 19.2% | 22.4% |
| Beta vs S&P 500 | 0.58 | 0.62 |
| Max drawdown (3Y) | -22.4% | -27.8% |
| Market cap | $10.8B | $3.6B |
| P/E (trailing) | 35.3 | 61.7 |
| Dividend yield | 3.19% | 4.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGP | LXP |
|---|---|---|
| 2022 | -33.1% | -33.0% |
| 2023 | +27.7% | +4.3% |
| 2024 | -9.8% | -13.2% |
| 2025 | +14.9% | +29.8% |
| 2026 | +14.1% | +26.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGP and LXP good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EGP and LXP?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.66 over the last year and 0.72 over 5 years.
Is LXP a good diversifier for EGP?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 mean?
A reading of 0.73 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-lxp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/egp-vs-lxp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EGP correlations · LXP correlations
