LXP vs STAG: Correlation
Measured on weekly returns over the past three years, LXP Industrial Trust (LXP) and Stag Industrial, Inc. (STAG) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LXP and STAG?
Over the past 3 years, LXP and STAG moved with a correlation of 0.73, which is strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 341.9 %².
In LXP's tracked universe of 12 assets, STAG sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months LXP outperformed by 38.1 percentage points (+42.2% for LXP against +4.1% for STAG).
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 STAG: side by side
| LXP (LXP Industrial Trust) | STAG (Stag Industrial, Inc.) | |
|---|---|---|
| 1-year return | +42.2% | +4.1% |
| 5-year return | +17.3% | +6.2% |
| Volatility (ann.) | 22.4% | 20.8% |
| Beta vs S&P 500 | 0.62 | 0.55 |
| Max drawdown (3Y) | -27.8% | -24.6% |
| Market cap | $3.6B | $7.3B |
| P/E (trailing) | 61.7 | 28.5 |
| Dividend yield | 4.55% | 4.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LXP | STAG |
|---|---|---|
| 2022 | -33.0% | -29.6% |
| 2023 | +4.3% | +26.8% |
| 2024 | -13.2% | -10.3% |
| 2025 | +29.8% | +13.3% |
| 2026 | +26.6% | +3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LXP and STAG good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LXP and STAG?
The LXP/STAG correlation stands at 0.73 on a 3-year window (1 year: 0.70, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is STAG a good diversifier for LXP?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 mean?
A reading of 0.73 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/lxp-vs-stag.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lxp-vs-stag/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LXP correlations · STAG correlations
