PINE vs STAG: Correlation
Measured on weekly returns over the past three years, Alpine Income Property Trust, Inc. (PINE) and Stag Industrial, Inc. (STAG) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PINE and STAG?
On 3 years of weekly data the PINE/STAG correlation comes out at 0.60, strong. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is 0.62, and annualized covariance runs at 297.1 %².
In PINE's tracked universe of 11 assets, STAG sits right near the top at #1. Correlation aside, the last 12 months split them widely, with PINE ahead by 33.8 points (+37.9% versus +4.1%).
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.
PINE vs STAG: side by side
| PINE (Alpine Income Property Trust, Inc.) | STAG (Stag Industrial, Inc.) | |
|---|---|---|
| 1-year return | +37.9% | +4.1% |
| 5-year return | +43.8% | +6.2% |
| Volatility (ann.) | 23.9% | 20.8% |
| Beta vs S&P 500 | 0.19 | 0.55 |
| Max drawdown (3Y) | -24.8% | -24.6% |
| Market cap | $0.4B | $7.3B |
| P/E (trailing) | 93.5 | 28.5 |
| Dividend yield | 5.94% | 4.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PINE | STAG |
|---|---|---|
| 2022 | +0.9% | -29.6% |
| 2023 | -5.5% | +26.8% |
| 2024 | +6.1% | -10.3% |
| 2025 | +7.0% | +13.3% |
| 2026 | +21.1% | +3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PINE and STAG good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PINE and STAG?
As of 2026-08-27, the correlation of weekly returns between PINE and STAG is 0.60 over 3 years, 0.50 over 1 year and 0.62 over 5 years.
Is STAG a good diversifier for PINE?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 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/pine-vs-stag.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pine-vs-stag/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PINE correlations · STAG correlations
