EXR vs PLD: Correlation
Measured on weekly returns over the past three years, Extra Space Storage (EXR) and Prologis (PLD) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXR and PLD?
Across a 3-year window, the weekly returns of EXR and PLD correlate at 0.67, strong. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Stretching to 5 years gives 0.70, with an annualized covariance of 452.1 %².
Within EXR's tracked universe of 33 assets, PLD comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PLD outperformed by 24.4 percentage points (+5.6% for EXR against +30.0% for PLD). The rolling one-year correlation stayed in a tight band between 0.63 and 0.74 over the past three years, which points to a structural rather than episodic relationship.
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 PLD: side by side
| EXR (Extra Space Storage) | PLD (Prologis) | |
|---|---|---|
| 1-year return | +5.6% | +30.0% |
| 5-year return | -6.1% | +22.5% |
| Volatility (ann.) | 26.0% | 25.8% |
| Beta vs S&P 500 | 0.68 | 0.90 |
| Max drawdown (3Y) | -29.4% | -31.4% |
| Market cap | $31.5B | $137.9B |
| P/E (trailing) | 31.6 | 31.7 |
| Dividend yield | 4.50% | 2.92% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | EXR | PLD |
|---|---|---|
| 2022 | -32.8% | -31.3% |
| 2023 | +13.9% | +21.6% |
| 2024 | -2.8% | -18.1% |
| 2025 | -8.9% | +25.1% |
| 2026 | +12.1% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXR and PLD good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EXR and PLD?
As of 2026-08-27, the correlation of weekly returns between EXR and PLD is 0.67 over 3 years, 0.61 over 1 year and 0.70 over 5 years.
Is PLD a good diversifier for EXR?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 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-pld.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/exr-vs-pld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXR correlations · PLD correlations
