EXR vs REXR: Correlation
How closely do Extra Space Storage (EXR) and Rexford Industrial Realty, Inc. (REXR) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXR and REXR?
On 3 years of weekly data the EXR/REXR correlation comes out at 0.63, strong. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 423.3 %².
By 3-year correlation, REXR places #8 of the 33 assets tracked against EXR. On 12-month performance EXR holds a 12.4-point edge, +5.6% against -6.8%.
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 REXR: side by side
| EXR (Extra Space Storage) | REXR (Rexford Industrial Realty, Inc.) | |
|---|---|---|
| 1-year return | +5.6% | -6.8% |
| 5-year return | -6.1% | -29.5% |
| Volatility (ann.) | 26.0% | 25.9% |
| Beta vs S&P 500 | 0.68 | 0.83 |
| Max drawdown (3Y) | -29.4% | -41.9% |
| Market cap | $31.5B | $8.5B |
| P/E (trailing) | 31.6 | – |
| Dividend yield | 4.50% | 4.64% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | EXR | REXR |
|---|---|---|
| 2022 | -32.8% | -31.2% |
| 2023 | +13.9% | +5.6% |
| 2024 | -2.8% | -28.5% |
| 2025 | -8.9% | +4.7% |
| 2026 | +12.1% | -1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXR and REXR good diversifiers for each other?
Only partially. A correlation of 0.63 means EXR and REXR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EXR and REXR?
The EXR/REXR correlation stands at 0.63 on a 3-year window (1 year: 0.56, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is REXR a good diversifier for EXR?
Only partially. A correlation of 0.63 means EXR and REXR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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-rexr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/exr-vs-rexr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXR correlations · REXR correlations
