EXR vs LH: Correlation
Measured on weekly returns over the past three years, Extra Space Storage (EXR) and Labcorp (LH) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXR and LH?
On 3 years of weekly data the EXR/LH correlation comes out at 0.47, moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.47 over 3. The 5-year figure is 0.44, and annualized covariance runs at 260.5 %².
By 3-year correlation, LH places #18 of the 33 assets tracked against EXR. Correlation aside, the last 12 months split them widely, with LH ahead by 16.2 points (+5.6% versus +21.8%). The rolling one-year correlation moved between 0.22 and 0.65 over the past three years, a moderate range.
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 LH: side by side
| EXR (Extra Space Storage) | LH (Labcorp) | |
|---|---|---|
| 1-year return | +5.6% | +21.8% |
| 5-year return | -6.1% | +36.0% |
| Volatility (ann.) | 26.0% | 21.4% |
| Beta vs S&P 500 | 0.68 | 0.33 |
| Max drawdown (3Y) | -29.4% | -17.4% |
| Market cap | $31.5B | $27.3B |
| P/E (trailing) | 31.6 | 27.8 |
| Dividend yield | 4.50% | 0.86% |
| Sector / category | Real Estate | Health Care |
Year-by-year returns
| Year | EXR | LH |
|---|---|---|
| 2022 | -32.8% | -24.4% |
| 2023 | +13.9% | +13.8% |
| 2024 | -2.8% | +2.2% |
| 2025 | -8.9% | +10.6% |
| 2026 | +12.1% | +34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXR and LH good diversifiers for each other?
Reasonably. At 0.47, EXR and LH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EXR and LH?
The EXR/LH correlation stands at 0.47 on a 3-year window (1 year: 0.57, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is LH a good diversifier for EXR?
Reasonably. At 0.47, EXR and LH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/exr-vs-lh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/exr-vs-lh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EXR correlations · LH correlations
