EXR vs UHAL: Correlation
Measured on weekly returns over the past three years, Extra Space Storage (EXR) and U-Haul Holding Company (UHAL) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXR and UHAL?
Over the past 3 years, EXR and UHAL moved with a correlation of 0.59, which is moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.59 over 3. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 435.3 %².
Among the 33 assets we track against EXR, UHAL ranks #15 by 3-year correlation. The trailing year gives UHAL the advantage: +5.6% versus +19.1%, a 13.5-point spread.
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 UHAL: side by side
| EXR (Extra Space Storage) | UHAL (U-Haul Holding Company) | |
|---|---|---|
| 1-year return | +5.6% | +19.1% |
| 5-year return | -6.1% | +2.2% |
| Volatility (ann.) | 26.0% | 28.6% |
| Beta vs S&P 500 | 0.68 | 0.81 |
| Max drawdown (3Y) | -29.4% | -46.2% |
| Market cap | $31.5B | $13.4B |
| P/E (trailing) | 31.6 | 488.6 |
| Dividend yield | 4.50% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | EXR | UHAL |
|---|---|---|
| 2022 | -32.8% | -17.0% |
| 2023 | +13.9% | +19.3% |
| 2024 | -2.8% | -3.8% |
| 2025 | -8.9% | -27.0% |
| 2026 | +12.1% | +35.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXR and UHAL good diversifiers for each other?
To a limited degree. At 0.59 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 UHAL?
As of 2026-08-27, the correlation of weekly returns between EXR and UHAL is 0.59 over 3 years, 0.58 over 1 year and 0.53 over 5 years.
Is UHAL a good diversifier for EXR?
To a limited degree. At 0.59 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 0.59 mean?
A reading of 0.59 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-uhal.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/exr-vs-uhal/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXR correlations · UHAL correlations
