EXR vs WY: Correlation
How closely do Extra Space Storage (EXR) and Weyerhaeuser (WY) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXR and WY?
On 3 years of weekly data the EXR/WY correlation comes out at 0.59, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.59 over 3. The 5-year figure is 0.54, and annualized covariance runs at 381.8 %².
By 3-year correlation, WY places #17 of the 33 assets tracked against EXR. On 12-month performance EXR holds a 11.7-point edge, +5.6% against -6.1%. Across three years, the rolling one-year figure varied moderately, from 0.45 to 0.75.
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 WY: side by side
| EXR (Extra Space Storage) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | +5.6% | -6.1% |
| 5-year return | -6.1% | -19.5% |
| Volatility (ann.) | 26.0% | 24.8% |
| Beta vs S&P 500 | 0.68 | 0.64 |
| Max drawdown (3Y) | -29.4% | -38.0% |
| Market cap | $31.5B | $17.1B |
| P/E (trailing) | 31.6 | 36.5 |
| Dividend yield | 4.50% | 3.49% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | EXR | WY |
|---|---|---|
| 2022 | -32.8% | -20.4% |
| 2023 | +13.9% | +18.0% |
| 2024 | -2.8% | -16.6% |
| 2025 | -8.9% | -13.0% |
| 2026 | +12.1% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXR and WY good diversifiers for each other?
Only partially. A correlation of 0.59 means EXR and WY 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 WY?
The EXR/WY correlation stands at 0.59 on a 3-year window (1 year: 0.55, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is WY a good diversifier for EXR?
Only partially. A correlation of 0.59 means EXR and WY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 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-wy.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: EXR correlations · WY correlations
