EXR vs GNE: Correlation
Measured on weekly returns over the past three years, Extra Space Storage (EXR) and Genie Energy Ltd. (GNE) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXR and GNE?
Across a 3-year window, the weekly returns of EXR and GNE correlate at 0.34, moderate. The link has tightened recently: the 1-year correlation (0.54) runs above the 3-year figure (0.34). Stretching to 5 years gives 0.19, with an annualized covariance of 326.2 %².
Among the 33 assets we track against EXR, GNE ranks #22 by 3-year correlation. Their 12-month results are close: +5.6% for EXR against +0.7% for GNE.
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.
EXR vs GNE: side by side
| EXR (Extra Space Storage) | GNE (Genie Energy Ltd.) | |
|---|---|---|
| 1-year return | +5.6% | +0.7% |
| 5-year return | -6.1% | +155.5% |
| Volatility (ann.) | 26.0% | 37.4% |
| Beta vs S&P 500 | 0.68 | 0.18 |
| Max drawdown (3Y) | -29.4% | -55.5% |
| Market cap | $31.5B | $0.4B |
| P/E (trailing) | 31.6 | 13.4 |
| Dividend yield | 4.50% | 2.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | EXR | GNE |
|---|---|---|
| 2022 | -32.8% | +95.3% |
| 2023 | +13.9% | +177.3% |
| 2024 | -2.8% | -43.6% |
| 2025 | -8.9% | -9.9% |
| 2026 | +12.1% | +9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXR and GNE good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EXR and GNE?
As of 2026-08-27, the correlation of weekly returns between EXR and GNE is 0.34 over 3 years, 0.54 over 1 year and 0.19 over 5 years.
Is GNE a good diversifier for EXR?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/exr-vs-gne.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/exr-vs-gne/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXR correlations · GNE correlations
