REXR vs VNQ: Correlation
Rexford Industrial Realty, Inc. (REXR) and Vanguard Real Estate ETF (VNQ) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REXR and VNQ?
On 3 years of weekly data the REXR/VNQ correlation comes out at 0.75, strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.75 over 3. The 5-year figure is 0.78, and annualized covariance runs at 321.2 %².
By 3-year correlation, VNQ places #4 of the 13 assets tracked against REXR. Their recent paths diverged sharply: over the last 12 months VNQ outperformed by 17.1 percentage points (-6.8% for REXR against +10.3% for VNQ). Risk is not evenly split, since REXR carries 1.6 times the volatility of the other side.
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.
REXR vs VNQ: side by side
| REXR (Rexford Industrial Realty, Inc.) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | -6.8% | +10.3% |
| 5-year return | -29.5% | +9.5% |
| Volatility (ann.) | 25.9% | 16.6% |
| Beta vs S&P 500 | 0.83 | 0.59 |
| Max drawdown (3Y) | -41.9% | -17.5% |
| Market cap | $8.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.64% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | US Listed | ETF · Real Estate |
VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | REXR | VNQ |
|---|---|---|
| 2022 | -31.2% | -26.3% |
| 2023 | +5.6% | +11.9% |
| 2024 | -28.5% | +4.8% |
| 2025 | +4.7% | +3.2% |
| 2026 | -1.6% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.44% of VNQ is REXR itself, so the fund partly moves with the stock by construction.
Are REXR and VNQ good diversifiers for each other?
To a limited degree. At 0.75 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 REXR and VNQ?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.65 over the last year and 0.78 over 5 years.
Is VNQ a good diversifier for REXR?
To a limited degree. At 0.75 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 0.75 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rexr-vs-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rexr-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: REXR correlations · VNQ correlations
