PLD vs STAG: Correlation
Measured on weekly returns over the past three years, Prologis (PLD) and Stag Industrial, Inc. (STAG) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLD and STAG?
Across a 3-year window, the weekly returns of PLD and STAG correlate at 0.79, strong. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. Stretching to 5 years gives 0.81, with an annualized covariance of 425.5 %².
Within PLD's tracked universe of 40 assets, STAG comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PLD ahead by 25.9 points (+30.0% 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.
PLD vs STAG: side by side
| PLD (Prologis) | STAG (Stag Industrial, Inc.) | |
|---|---|---|
| 1-year return | +30.0% | +4.1% |
| 5-year return | +22.5% | +6.2% |
| Volatility (ann.) | 25.8% | 20.8% |
| Beta vs S&P 500 | 0.90 | 0.55 |
| Max drawdown (3Y) | -31.4% | -24.6% |
| Market cap | $137.9B | $7.3B |
| P/E (trailing) | 31.7 | 28.5 |
| Dividend yield | 2.92% | 4.08% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | PLD | STAG |
|---|---|---|
| 2022 | -31.3% | -29.6% |
| 2023 | +21.6% | +26.8% |
| 2024 | -18.1% | -10.3% |
| 2025 | +25.1% | +13.3% |
| 2026 | +12.8% | +3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLD and STAG good diversifiers for each other?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PLD and STAG?
The PLD/STAG correlation stands at 0.79 on a 3-year window (1 year: 0.76, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is STAG a good diversifier for PLD?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.79 mean?
On the −1 to +1 scale, 0.79 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-stag.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pld-vs-stag/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PLD correlations · STAG correlations
