CUBE vs. EXR
CUBE (CubeSmart) and EXR (Extra Space Storage Inc.) are both stocks. Both are in the Real Estate sector — CUBE in REIT - Industrial, EXR in REIT - Specialty. Over the past 10 years, CUBE returned 8.07%/yr vs 9.77%/yr for EXR. Their 0.74 correlation means they have sometimes moved together and sometimes differently.
Performance
CUBE vs. EXR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CUBE achieves a 20.04% return, which is significantly higher than EXR's 16.25% return. Over the past 10 years, CUBE has underperformed EXR with an annualized return of 8.07%, while EXR has yielded a comparatively higher 9.77% annualized return.
CUBE
- 1D
- 0.53%
- 1M
- 1.17%
- 6M
- 13.61%
- YTD
- 20.04%
- 1Y
- 9.86%
- 3Y*
- 4.02%
- 5Y*
- 0.90%
- 10Y*
- 8.07%
- ALL TIME*
- 8.46%
EXR
- 1D
- -0.11%
- 1M
- -0.87%
- 6M
- 9.72%
- YTD
- 16.25%
- 1Y
- 11.22%
- 3Y*
- 6.82%
- 5Y*
- 0.75%
- 10Y*
- 9.77%
- ALL TIME*
- 16.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CUBE CubeSmart | $110.24M | $93.57M | $86.80M |
| $243.08M | $182.35M | $171.76M |
CUBE vs. EXR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CUBE CubeSmart | 20.04% | -11.59% | -4.53% | 20.50% | -26.31% | 74.59% | 11.67% | 14.12% | 3.42% | 12.74% |
EXR Extra Space Storage Inc. | 16.25% | -8.92% | -2.81% | 13.86% | -32.82% | 100.98% | 13.64% | 20.71% | 7.29% | 17.83% |
Correlation
The correlation between CUBE and EXR is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2004 | 0.74 |
The correlation between CUBE and EXR shifts across timeframes, from 0.74 (all time) to 0.90 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CUBE:
$9.42B
EXR:
$31.28B
CUBE:
$1.46
EXR:
$4.39
CUBE:
28.36
EXR:
33.76
CUBE:
8.34
EXR:
9.44
CUBE:
3.66
EXR:
2.46
CUBE:
$1.14B
EXR:
$3.43B
CUBE:
$86.29M
EXR:
-$251.27M
CUBE:
$704.64M
EXR:
$2.60B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CUBE vs. EXR — Risk / Return Rank
CUBE
EXR
CUBE vs. EXR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CubeSmart (CUBE) and Extra Space Storage Inc. (EXR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CUBE | EXR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.13 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 0.92 | -0.15 |
| Martin ratioReturn relative to average drawdown | 1.67 | 2.05 | -0.39 |
Loading charts...
Drawdowns
CUBE vs. EXR - Drawdown Comparison
The maximum CUBE drawdown since its inception was -93.15%, which is greater than EXR's maximum drawdown of -71.22%. Use the drawdown chart below to compare losses from any high point for CUBE and EXR.
Loading charts...
Drawdown Indicators
| CUBE | EXR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.15% | -71.22% | -21.93% |
Max Drawdown (1Y)Largest decline over 1 year | -16.49% | -16.70% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -31.95% | -29.36% | -2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -36.93% | -51.36% | +14.43% |
Max Drawdown (10Y)Largest decline over 10 years | -41.43% | -51.36% | +9.93% |
Current DrawdownCurrent decline from peak | -15.84% | -21.28% | +5.44% |
Average DrawdownAverage peak-to-trough decline | -22.01% | -13.43% | -8.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.61% | 7.49% | +0.12% |
Volatility
CUBE vs. EXR - Volatility Comparison
CubeSmart (CUBE) and Extra Space Storage Inc. (EXR) have volatilities of 7.40% and 7.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CUBE | EXR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 7.62% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 17.06% | 17.27% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.05% | 25.31% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.53% | 28.32% | -2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.43% | 26.95% | -1.52% |
Dividends
CUBE vs. EXR - Dividend Comparison
CUBE's dividend yield for the trailing twelve months is around 5.09%, more than EXR's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CUBE CubeSmart | 5.09% | 5.77% | 3.57% | 4.27% | 4.42% | 2.55% | 3.96% | 4.10% | 4.25% | 3.84% | 3.36% | 2.25% |
EXR Extra Space Storage Inc. | 4.38% | 4.98% | 4.33% | 4.04% | 4.08% | 1.98% | 3.11% | 3.37% | 3.71% | 3.57% | 3.79% | 2.54% |
Financials
CUBE vs. EXR - Financials Comparison
This section allows you to compare key financial metrics between CubeSmart and Extra Space Storage Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CUBE vs. EXR - Profitability Comparison
CUBE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, CubeSmart reported a gross profit of 78.79M and revenue of 286.49M. Therefore, the gross margin over that period was 27.5%.
EXR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Extra Space Storage Inc. reported a gross profit of -599.86M and revenue of 874.15M. Therefore, the gross margin over that period was -68.6%.
CUBE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, CubeSmart reported an operating income of -395.00K and revenue of 286.49M, resulting in an operating margin of -0.1%.
EXR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Extra Space Storage Inc. reported an operating income of 392.18M and revenue of 874.15M, resulting in an operating margin of 44.9%.
CUBE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, CubeSmart reported a net income of 89.59M and revenue of 286.49M, resulting in a net margin of 31.3%.
EXR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Extra Space Storage Inc. reported a net income of 263.47M and revenue of 874.15M, resulting in a net margin of 30.1%.
Frequently Asked Questions
CUBE and EXR have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EXR has higher volatility (7.62%) compared to CUBE (7.40%). In terms of maximum drawdown, CUBE dropped -93.15% vs EXR's -71.22%.
EXR currently has the higher Sharpe Ratio (0.66 vs 0.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CUBE and EXR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer