EGP vs REXR: Correlation
How closely do EastGroup Properties, Inc. (EGP) and Rexford Industrial Realty, Inc. (REXR) trade together? Their weekly returns over three years give a correlation of 0.76, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGP and REXR?
Across a 3-year window, the weekly returns of EGP and REXR correlate at 0.76, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. Stretching to 5 years gives 0.81, with an annualized covariance of 375.3 %².
Among the 15 assets we track against EGP, REXR ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EGP outperformed by 29.4 percentage points (+22.6% for EGP against -6.8% for REXR).
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 REXR: side by side
| EGP (EastGroup Properties, Inc.) | REXR (Rexford Industrial Realty, Inc.) | |
|---|---|---|
| 1-year return | +22.6% | -6.8% |
| 5-year return | +29.6% | -29.5% |
| Volatility (ann.) | 19.2% | 25.9% |
| Beta vs S&P 500 | 0.58 | 0.83 |
| Max drawdown (3Y) | -22.4% | -41.9% |
| Market cap | $10.8B | $8.5B |
| P/E (trailing) | 35.3 | – |
| Dividend yield | 3.19% | 4.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGP | REXR |
|---|---|---|
| 2022 | -33.1% | -31.2% |
| 2023 | +27.7% | +5.6% |
| 2024 | -9.8% | -28.5% |
| 2025 | +14.9% | +4.7% |
| 2026 | +14.1% | -1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGP and REXR good diversifiers for each other?
Only partially. A correlation of 0.76 means EGP and REXR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EGP and REXR?
Using weekly returns as of 2026-08-27: 0.76 over 3 years, with 0.68 over the last year and 0.81 over 5 years.
Is REXR a good diversifier for EGP?
Only partially. A correlation of 0.76 means EGP and REXR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 mean?
A reading of 0.76 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-rexr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/egp-vs-rexr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EGP correlations · REXR correlations
