EGP vs TRNO: Correlation
How closely do EastGroup Properties, Inc. (EGP) and Terreno Realty Corporation (TRNO) 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 TRNO?
Across a 3-year window, the weekly returns of EGP and TRNO correlate at 0.84, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.83 over 1 year against 0.84 over 3. Stretching to 5 years gives 0.86, with an annualized covariance of 396.4 %².
Within EGP's tracked universe of 15 assets, TRNO comes in at #4 by 3-year correlation. Their 12-month results are close: +22.6% for EGP against +20.1% for TRNO.
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 TRNO: side by side
| EGP (EastGroup Properties, Inc.) | TRNO (Terreno Realty Corporation) | |
|---|---|---|
| 1-year return | +22.6% | +20.1% |
| 5-year return | +29.6% | +15.7% |
| Volatility (ann.) | 19.2% | 24.4% |
| Beta vs S&P 500 | 0.58 | 0.66 |
| Max drawdown (3Y) | -22.4% | -26.3% |
| Market cap | $10.8B | $7.3B |
| P/E (trailing) | 35.3 | 18.1 |
| Dividend yield | 3.19% | 3.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGP | TRNO |
|---|---|---|
| 2022 | -33.1% | -31.6% |
| 2023 | +27.7% | +13.4% |
| 2024 | -9.8% | -2.8% |
| 2025 | +14.9% | +2.7% |
| 2026 | +14.1% | +16.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGP and TRNO good diversifiers for each other?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between EGP and TRNO?
The EGP/TRNO correlation stands at 0.84 on a 3-year window (1 year: 0.83, 5 years: 0.86), computed from weekly returns as of 2026-08-27.
Is TRNO a good diversifier for EGP?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
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-trno.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/egp-vs-trno/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EGP correlations · TRNO correlations
