EGP vs STAG: Correlation
How closely do EastGroup Properties, Inc. (EGP) and Stag Industrial, Inc. (STAG) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGP and STAG?
Across a 3-year window, the weekly returns of EGP and STAG correlate at 0.84, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.82 over 1 year against 0.84 over 3. Stretching to 5 years gives 0.86, with an annualized covariance of 336.4 %².
Few assets follow EGP as closely as STAG, which ranks #3 of 15 tracked partners. Their recent paths diverged sharply: over the last 12 months EGP outperformed by 18.5 percentage points (+22.6% for EGP against +4.1% for STAG).
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 STAG: side by side
| EGP (EastGroup Properties, Inc.) | STAG (Stag Industrial, Inc.) | |
|---|---|---|
| 1-year return | +22.6% | +4.1% |
| 5-year return | +29.6% | +6.2% |
| Volatility (ann.) | 19.2% | 20.8% |
| Beta vs S&P 500 | 0.58 | 0.55 |
| Max drawdown (3Y) | -22.4% | -24.6% |
| Market cap | $10.8B | $7.3B |
| P/E (trailing) | 35.3 | 28.5 |
| Dividend yield | 3.19% | 4.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGP | STAG |
|---|---|---|
| 2022 | -33.1% | -29.6% |
| 2023 | +27.7% | +26.8% |
| 2024 | -9.8% | -10.3% |
| 2025 | +14.9% | +13.3% |
| 2026 | +14.1% | +3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGP and STAG good diversifiers for each other?
No. With a correlation of 0.84, EGP and STAG move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between EGP and STAG?
Using weekly returns as of 2026-08-27: 0.84 over 3 years, with 0.82 over the last year and 0.86 over 5 years.
Is STAG a good diversifier for EGP?
No. With a correlation of 0.84, EGP and STAG move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 mean?
A reading of 0.84 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-stag.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/egp-vs-stag/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EGP correlations · STAG correlations
