LXP vs REXR: Correlation
Measured on weekly returns over the past three years, LXP Industrial Trust (LXP) and Rexford Industrial Realty, Inc. (REXR) carry a correlation of 0.72, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LXP and REXR?
On 3 years of weekly data the LXP/REXR correlation comes out at 0.72, strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.72 over 3. The 5-year figure is 0.69, and annualized covariance runs at 414.6 %².
Among the 12 assets we track against LXP, REXR ranks #4 by 3-year correlation. The last year tells two different stories: LXP led by 49.0 percentage points, +42.2% for LXP against -6.8% for REXR.
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 REXR: side by side
| LXP (LXP Industrial Trust) | REXR (Rexford Industrial Realty, Inc.) | |
|---|---|---|
| 1-year return | +42.2% | -6.8% |
| 5-year return | +17.3% | -29.5% |
| Volatility (ann.) | 22.4% | 25.9% |
| Beta vs S&P 500 | 0.62 | 0.83 |
| Max drawdown (3Y) | -27.8% | -41.9% |
| Market cap | $3.6B | $8.5B |
| P/E (trailing) | 61.7 | – |
| Dividend yield | 4.55% | 4.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LXP | REXR |
|---|---|---|
| 2022 | -33.0% | -31.2% |
| 2023 | +4.3% | +5.6% |
| 2024 | -13.2% | -28.5% |
| 2025 | +29.8% | +4.7% |
| 2026 | +26.6% | -1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LXP and REXR good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LXP and REXR?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.71 over the last year and 0.69 over 5 years.
Is REXR a good diversifier for LXP?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 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/lxp-vs-rexr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lxp-vs-rexr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LXP correlations · REXR correlations
