EXR vs KIM: Correlation
Measured on weekly returns over the past three years, Extra Space Storage (EXR) and Kimco Realty (KIM) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXR and KIM?
Over the past 3 years, EXR and KIM moved with a correlation of 0.61, which is strong. Lately the two have moved closer together, with the 1-year correlation at 0.74 versus 0.61 over 3 years. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 365.2 %².
By 3-year correlation, KIM places #10 of the 33 assets tracked against EXR. On 12-month performance KIM holds a 5.8-point edge, +5.6% against +11.4%. Across three years, the rolling one-year figure varied moderately, from 0.38 to 0.82.
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 KIM: side by side
| EXR (Extra Space Storage) | KIM (Kimco Realty) | |
|---|---|---|
| 1-year return | +5.6% | +11.4% |
| 5-year return | -6.1% | +35.9% |
| Volatility (ann.) | 26.0% | 22.9% |
| Beta vs S&P 500 | 0.68 | 0.63 |
| Max drawdown (3Y) | -29.4% | -25.9% |
| Market cap | $31.5B | $16.0B |
| P/E (trailing) | 31.6 | 28.0 |
| Dividend yield | 4.50% | 4.29% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | EXR | KIM |
|---|---|---|
| 2022 | -32.8% | -10.8% |
| 2023 | +13.9% | +6.1% |
| 2024 | -2.8% | +15.0% |
| 2025 | -8.9% | -9.3% |
| 2026 | +12.1% | +20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXR and KIM good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EXR and KIM?
As of 2026-08-27, the correlation of weekly returns between EXR and KIM is 0.61 over 3 years, 0.74 over 1 year and 0.55 over 5 years.
Is KIM a good diversifier for EXR?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 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.
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Related comparisons
Hubs: EXR correlations · KIM correlations
