IGR vs PSA: Correlation
CBRE Global Real Estate Income Fund (IGR) and Public Storage (PSA) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IGR and PSA?
Across a 3-year window, the weekly returns of IGR and PSA correlate at 0.66, strong. Recent behaviour matches the longer record: 0.58 over 1 year against 0.66 over 3. Stretching to 5 years gives 0.66, with an annualized covariance of 399.9 %².
By 3-year correlation, PSA places #10 of the 24 assets tracked against IGR. Their 12-month results are close: +7.8% for IGR against +11.3% for PSA.
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.
IGR vs PSA: side by side
| IGR (CBRE Global Real Estate Income Fund) | PSA (Public Storage) | |
|---|---|---|
| 1-year return | +7.8% | +11.3% |
| 5-year return | -4.7% | +20.9% |
| Volatility (ann.) | 26.5% | 23.0% |
| Beta vs S&P 500 | 0.81 | 0.59 |
| Max drawdown (3Y) | -29.5% | -25.6% |
| Market cap | $0.7B | $58.1B |
| P/E (trailing) | 15.4 | 30.3 |
| Dividend yield | 7.73% | 3.78% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | IGR | PSA |
|---|---|---|
| 2022 | -35.5% | -20.2% |
| 2023 | +8.6% | +13.6% |
| 2024 | +1.2% | +2.1% |
| 2025 | +5.2% | -9.7% |
| 2026 | +16.8% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IGR and PSA good diversifiers for each other?
To a limited degree. At 0.66 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 IGR and PSA?
The IGR/PSA correlation stands at 0.66 on a 3-year window (1 year: 0.58, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is PSA a good diversifier for IGR?
To a limited degree. At 0.66 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 0.66 mean?
A reading of 0.66 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/igr-vs-psa.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/igr-vs-psa/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IGR correlations · PSA correlations
