EXOD vs EXR: Correlation
How closely do Exodus Movement, Inc. (EXOD) and Extra Space Storage (EXR) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXOD and EXR?
Across a 3-year window, the weekly returns of EXOD and EXR correlate at -0.16, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.19) than the 3-year average (-0.16). Stretching to 5 years gives -0.12, with an annualized covariance of -817.7 %².
Among the 18 assets we track against EXOD, EXR ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EXR outperformed by 71.5 percentage points (-65.9% for EXOD against +5.6% for EXR). One caveat on sizing: EXOD is 7.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EXOD vs EXR: side by side
| EXOD (Exodus Movement, Inc.) | EXR (Extra Space Storage) | |
|---|---|---|
| 1-year return | -65.9% | +5.6% |
| 5-year return | -64.9% | -6.1% |
| Volatility (ann.) | 196.6% | 26.0% |
| Beta vs S&P 500 | 0.78 | 0.68 |
| Max drawdown (3Y) | -94.8% | -29.4% |
| Market cap | $0.3B | $31.5B |
| P/E (trailing) | – | 31.6 |
| Dividend yield | 0.00% | 4.50% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | EXOD | EXR |
|---|---|---|
| 2022 | -89.5% | -32.8% |
| 2023 | +12.2% | +13.9% |
| 2024 | +1233.9% | -2.8% |
| 2025 | -51.8% | -8.9% |
| 2026 | -37.2% | +12.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXOD and EXR good diversifiers for each other?
Yes. With a correlation of -0.16, EXOD and EXR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EXOD and EXR?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with 0.19 over the last year and -0.12 over 5 years.
Is EXR a good diversifier for EXOD?
Yes. With a correlation of -0.16, EXOD and EXR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/exod-vs-exr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/exod-vs-exr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXOD correlations · EXR correlations
