STAG vs TRNO: Correlation
Stag Industrial, Inc. (STAG) and Terreno Realty Corporation (TRNO) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STAG and TRNO?
Across a 3-year window, the weekly returns of STAG and TRNO correlate at 0.78, strong. Recent behaviour matches the longer record: 0.73 over 1 year against 0.78 over 3. Stretching to 5 years gives 0.81, with an annualized covariance of 394.1 %².
Among the 16 assets we track against STAG, TRNO ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TRNO outperformed by 16.0 percentage points (+4.1% for STAG against +20.1% for TRNO).
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.
STAG vs TRNO: side by side
| STAG (Stag Industrial, Inc.) | TRNO (Terreno Realty Corporation) | |
|---|---|---|
| 1-year return | +4.1% | +20.1% |
| 5-year return | +6.2% | +15.7% |
| Volatility (ann.) | 20.8% | 24.4% |
| Beta vs S&P 500 | 0.55 | 0.66 |
| Max drawdown (3Y) | -24.6% | -26.3% |
| Market cap | $7.3B | $7.3B |
| P/E (trailing) | 28.5 | 18.1 |
| Dividend yield | 4.08% | 3.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STAG | TRNO |
|---|---|---|
| 2022 | -29.6% | -31.6% |
| 2023 | +26.8% | +13.4% |
| 2024 | -10.3% | -2.8% |
| 2025 | +13.3% | +2.7% |
| 2026 | +3.0% | +16.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STAG and TRNO good diversifiers for each other?
Only partially. A correlation of 0.78 means STAG and TRNO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between STAG and TRNO?
The STAG/TRNO correlation stands at 0.78 on a 3-year window (1 year: 0.73, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is TRNO a good diversifier for STAG?
Only partially. A correlation of 0.78 means STAG and TRNO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.78 mean?
A reading of 0.78 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/stag-vs-trno.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/stag-vs-trno/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: STAG correlations · TRNO correlations
