PSA vs UHAL: Correlation
Measured on weekly returns over the past three years, Public Storage (PSA) and U-Haul Holding Company (UHAL) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSA and UHAL?
Across a 3-year window, the weekly returns of PSA and UHAL correlate at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 367.9 %².
By 3-year correlation, UHAL places #16 of the 33 assets tracked against PSA. Over the last 12 months UHAL came out ahead by 7.8 percentage points (+11.3% against +19.1%).
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.
PSA vs UHAL: side by side
| PSA (Public Storage) | UHAL (U-Haul Holding Company) | |
|---|---|---|
| 1-year return | +11.3% | +19.1% |
| 5-year return | +20.9% | +2.2% |
| Volatility (ann.) | 23.0% | 28.6% |
| Beta vs S&P 500 | 0.59 | 0.81 |
| Max drawdown (3Y) | -25.6% | -46.2% |
| Market cap | $58.1B | $13.4B |
| P/E (trailing) | 30.3 | 488.6 |
| Dividend yield | 3.78% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | PSA | UHAL |
|---|---|---|
| 2022 | -20.2% | -17.0% |
| 2023 | +13.6% | +19.3% |
| 2024 | +2.1% | -3.8% |
| 2025 | -9.7% | -27.0% |
| 2026 | +22.3% | +35.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSA and UHAL 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 PSA and UHAL?
The PSA/UHAL correlation stands at 0.56 on a 3-year window (1 year: 0.57, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is UHAL a good diversifier for PSA?
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?
On the −1 to +1 scale, 0.56 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/psa-vs-uhal.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/psa-vs-uhal/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PSA correlations · UHAL correlations
