LXP vs PLD: Correlation
Measured on weekly returns over the past three years, LXP Industrial Trust (LXP) and Prologis (PLD) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LXP and PLD?
Across a 3-year window, the weekly returns of LXP and PLD correlate at 0.70, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. Stretching to 5 years gives 0.67, with an annualized covariance of 405.4 %².
By 3-year correlation, PLD places #5 of the 12 assets tracked against LXP. Over the last 12 months LXP came out ahead by 12.2 percentage points (+42.2% against +30.0%).
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.
LXP vs PLD: side by side
| LXP (LXP Industrial Trust) | PLD (Prologis) | |
|---|---|---|
| 1-year return | +42.2% | +30.0% |
| 5-year return | +17.3% | +22.5% |
| Volatility (ann.) | 22.4% | 25.8% |
| Beta vs S&P 500 | 0.62 | 0.90 |
| Max drawdown (3Y) | -27.8% | -31.4% |
| Market cap | $3.6B | $137.9B |
| P/E (trailing) | 61.7 | 31.7 |
| Dividend yield | 4.55% | 2.92% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | LXP | PLD |
|---|---|---|
| 2022 | -33.0% | -31.3% |
| 2023 | +4.3% | +21.6% |
| 2024 | -13.2% | -18.1% |
| 2025 | +29.8% | +25.1% |
| 2026 | +26.6% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LXP and PLD good diversifiers for each other?
Only partially. A correlation of 0.70 means LXP and PLD 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 LXP and PLD?
As of 2026-08-27, the correlation of weekly returns between LXP and PLD is 0.70 over 3 years, 0.68 over 1 year and 0.67 over 5 years.
Is PLD a good diversifier for LXP?
Only partially. A correlation of 0.70 means LXP and PLD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
A reading of 0.70 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: LXP correlations · PLD correlations
