EXR vs IGR: Correlation
Measured on weekly returns over the past three years, Extra Space Storage (EXR) and CBRE Global Real Estate Income Fund (IGR) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXR and IGR?
On 3 years of weekly data the EXR/IGR correlation comes out at 0.60, strong. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. The 5-year figure is 0.62, and annualized covariance runs at 409.8 %².
Within EXR's tracked universe of 33 assets, IGR comes in at #12 by 3-year correlation. Their 12-month results are close: +5.6% for EXR against +7.8% for IGR.
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 IGR: side by side
| EXR (Extra Space Storage) | IGR (CBRE Global Real Estate Income Fund) | |
|---|---|---|
| 1-year return | +5.6% | +7.8% |
| 5-year return | -6.1% | -4.7% |
| Volatility (ann.) | 26.0% | 26.5% |
| Beta vs S&P 500 | 0.68 | 0.81 |
| Max drawdown (3Y) | -29.4% | -29.5% |
| Market cap | $31.5B | $0.7B |
| P/E (trailing) | 31.6 | 15.4 |
| Dividend yield | 4.50% | 7.73% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | EXR | IGR |
|---|---|---|
| 2022 | -32.8% | -35.5% |
| 2023 | +13.9% | +8.6% |
| 2024 | -2.8% | +1.2% |
| 2025 | -8.9% | +5.2% |
| 2026 | +12.1% | +16.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXR and IGR good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EXR and IGR?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.62 over the last year and 0.62 over 5 years.
Is IGR a good diversifier for EXR?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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-igr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/exr-vs-igr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXR correlations · IGR correlations
