EXR vs JRS: Correlation
Extra Space Storage (EXR) and Nuveen Real Estate Income Fund (JRS) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXR and JRS?
On 3 years of weekly data the EXR/JRS correlation comes out at 0.64, strong. Recent behaviour matches the longer record: 0.69 over 1 year against 0.64 over 3. The 5-year figure is 0.63, and annualized covariance runs at 348.1 %².
By 3-year correlation, JRS places #7 of the 33 assets tracked against EXR. Over the last 12 months JRS came out ahead by 8.8 percentage points (+5.6% against +14.4%).
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 JRS: side by side
| EXR (Extra Space Storage) | JRS (Nuveen Real Estate Income Fund) | |
|---|---|---|
| 1-year return | +5.6% | +14.4% |
| 5-year return | -6.1% | +13.5% |
| Volatility (ann.) | 26.0% | 21.1% |
| Beta vs S&P 500 | 0.68 | 0.79 |
| Max drawdown (3Y) | -29.4% | -25.3% |
| Market cap | $31.5B | – |
| P/E (trailing) | 31.6 | – |
| Dividend yield | 4.50% | 8.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | EXR | JRS |
|---|---|---|
| 2022 | -32.8% | -35.6% |
| 2023 | +13.9% | +13.4% |
| 2024 | -2.8% | +19.7% |
| 2025 | -8.9% | -3.4% |
| 2026 | +12.1% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXR and JRS good diversifiers for each other?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EXR and JRS?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.69 over the last year and 0.63 over 5 years.
Is JRS a good diversifier for EXR?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.64 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/exr-vs-jrs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/exr-vs-jrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXR correlations · JRS correlations
