PLD vs PSA: Correlation
Measured on weekly returns over the past three years, Prologis (PLD) and Public Storage (PSA) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLD and PSA?
On 3 years of weekly data the PLD/PSA correlation comes out at 0.65, strong. Lately the two have drifted apart, with the 1-year correlation at 0.50 versus 0.65 over 3 years. The 5-year figure is 0.71, and annualized covariance runs at 383.7 %².
Within PLD's tracked universe of 40 assets, PSA comes in at #18 by 3-year correlation. The last year tells two different stories: PLD led by 18.7 percentage points, +30.0% for PLD against +11.3% for PSA. Across three years, the rolling one-year figure varied moderately, from 0.51 to 0.79.
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.
PLD vs PSA: side by side
| PLD (Prologis) | PSA (Public Storage) | |
|---|---|---|
| 1-year return | +30.0% | +11.3% |
| 5-year return | +22.5% | +20.9% |
| Volatility (ann.) | 25.8% | 23.0% |
| Beta vs S&P 500 | 0.90 | 0.59 |
| Max drawdown (3Y) | -31.4% | -25.6% |
| Market cap | $137.9B | $58.1B |
| P/E (trailing) | 31.7 | 30.3 |
| Dividend yield | 2.92% | 3.78% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | PLD | PSA |
|---|---|---|
| 2022 | -31.3% | -20.2% |
| 2023 | +21.6% | +13.6% |
| 2024 | -18.1% | +2.1% |
| 2025 | +25.1% | -9.7% |
| 2026 | +12.8% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLD and PSA good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PLD and PSA?
The PLD/PSA correlation stands at 0.65 on a 3-year window (1 year: 0.50, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is PSA a good diversifier for PLD?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pld-vs-psa.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pld-vs-psa/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PLD correlations · PSA correlations
