PLD vs REXR: Correlation
Measured on weekly returns over the past three years, Prologis (PLD) and Rexford Industrial Realty, Inc. (REXR) carry a correlation of 0.80, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLD and REXR?
Over the past 3 years, PLD and REXR moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.71 over 1 year against 0.80 over 3. Over 5 years the correlation is 0.84, and the annualized covariance of weekly returns is 532.8 %².
Within PLD's tracked universe of 40 assets, REXR comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PLD outperformed by 36.8 percentage points (+30.0% for PLD 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.
PLD vs REXR: side by side
| PLD (Prologis) | REXR (Rexford Industrial Realty, Inc.) | |
|---|---|---|
| 1-year return | +30.0% | -6.8% |
| 5-year return | +22.5% | -29.5% |
| Volatility (ann.) | 25.8% | 25.9% |
| Beta vs S&P 500 | 0.90 | 0.83 |
| Max drawdown (3Y) | -31.4% | -41.9% |
| Market cap | $137.9B | $8.5B |
| P/E (trailing) | 31.7 | – |
| Dividend yield | 2.92% | 4.64% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | PLD | REXR |
|---|---|---|
| 2022 | -31.3% | -31.2% |
| 2023 | +21.6% | +5.6% |
| 2024 | -18.1% | -28.5% |
| 2025 | +25.1% | +4.7% |
| 2026 | +12.8% | -1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLD and REXR good diversifiers for each other?
No. With a correlation of 0.80, PLD and REXR move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between PLD and REXR?
The PLD/REXR correlation stands at 0.80 on a 3-year window (1 year: 0.71, 5 years: 0.84), computed from weekly returns as of 2026-08-27.
Is REXR a good diversifier for PLD?
No. With a correlation of 0.80, PLD and REXR move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 mean?
On the −1 to +1 scale, 0.80 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-rexr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pld-vs-rexr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PLD correlations · REXR correlations
