PLD vs UNP: Correlation
Prologis (PLD) and Union Pacific Corporation (UNP) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLD and UNP?
On 3 years of weekly data the PLD/UNP correlation comes out at 0.56, moderate. The past 12 months show a weaker link (0.35) than the 3-year average (0.56). The 5-year figure is 0.55, and annualized covariance runs at 298.9 %².
Within PLD's tracked universe of 40 assets, UNP comes in at #24 by 3-year correlation. The trailing year gives UNP the advantage: +30.0% versus +42.4%, a 12.4-point spread. On a rolling one-year basis the correlation drifted between 0.33 and 0.77, a moderate band.
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 UNP: side by side
| PLD (Prologis) | UNP (Union Pacific Corporation) | |
|---|---|---|
| 1-year return | +30.0% | +42.4% |
| 5-year return | +22.5% | +56.5% |
| Volatility (ann.) | 25.8% | 20.6% |
| Beta vs S&P 500 | 0.90 | 0.56 |
| Max drawdown (3Y) | -31.4% | -17.8% |
| Market cap | $137.9B | $182.8B |
| P/E (trailing) | 31.7 | 25.1 |
| Dividend yield | 2.92% | 1.78% |
| Sector / category | Real Estate | Industrials |
Year-by-year returns
| Year | PLD | UNP |
|---|---|---|
| 2022 | -31.3% | -15.9% |
| 2023 | +21.6% | +21.6% |
| 2024 | -18.1% | -5.1% |
| 2025 | +25.1% | +3.9% |
| 2026 | +12.8% | +34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLD and UNP good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between PLD and UNP?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.35 over the last year and 0.55 over 5 years.
Is UNP a good diversifier for PLD?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
A reading of 0.56 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/pld-vs-unp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pld-vs-unp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PLD correlations · UNP correlations
