CUBE vs. NSA
CUBE (CubeSmart) and NSA (National Storage Affiliates Trust) are both stocks. Both operate in the REIT - Industrial industry within the Real Estate sector. Over the past 10 years, CUBE returned 7.63%/yr vs 13.01%/yr for NSA. A 0.74 correlation means they provide meaningful diversification when combined.
Performance
CUBE vs. NSA - Performance Comparison
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Returns By Period
In the year-to-date period, CUBE achieves a 15.66% return, which is significantly lower than NSA's 63.61% return. Over the past 10 years, CUBE has underperformed NSA with an annualized return of 7.63%, while NSA has yielded a comparatively higher 13.01% annualized return.
CUBE
- 1D
- -0.32%
- 1M
- 1.05%
- YTD
- 15.66%
- 6M
- 16.67%
- 1Y
- 0.92%
- 3Y*
- 2.59%
- 5Y*
- 1.42%
- 10Y*
- 7.63%
NSA
- 1D
- 0.65%
- 1M
- 6.08%
- YTD
- 63.61%
- 6M
- 64.31%
- 1Y
- 47.83%
- 3Y*
- 16.80%
- 5Y*
- 2.78%
- 10Y*
- 13.01%
CUBE vs. NSA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CUBE CubeSmart | 15.66% | -11.59% | -4.53% | 20.50% | -26.31% | 74.59% | 11.67% | 14.12% | 3.42% | 12.74% |
NSA National Storage Affiliates Trust | 63.61% | -20.19% | -3.53% | 21.94% | -45.37% | 98.04% | 11.67% | 32.41% | 1.21% | 29.01% |
Correlation
The correlation between CUBE and NSA is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2015 | 0.74 |
The correlation between CUBE and NSA shifts across timeframes, from 0.74 (all time) to 0.85 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CUBE:
$9.24B
NSA:
$3.45B
CUBE:
$1.43
NSA:
$1.16
CUBE:
28.31
NSA:
38.43
CUBE:
3.00
NSA:
3.41
CUBE:
8.19
NSA:
4.58
CUBE:
3.49
NSA:
3.78
CUBE:
$1.13B
NSA:
$749.98M
CUBE:
$65.30M
NSA:
$212.81M
CUBE:
$593.13M
NSA:
$396.95M
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Return for Risk
CUBE vs. NSA — Risk / Return Rank
CUBE
NSA
CUBE vs. NSA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CubeSmart (CUBE) and National Storage Affiliates Trust (NSA). 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 | NSA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.31 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 3.39 | -3.34 |
| Martin ratioReturn relative to average drawdown | 0.10 | 7.54 | -7.44 |
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Drawdowns
CUBE vs. NSA - Drawdown Comparison
The maximum CUBE drawdown since its inception was -93.15%, which is greater than NSA's maximum drawdown of -55.05%. Use the drawdown chart below to compare losses from any high point for CUBE and NSA.
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Drawdown Indicators
| CUBE | NSA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.15% | -55.05% | -38.10% |
Max Drawdown (1Y)Largest decline over 1 year | -17.36% | -14.18% | -3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -31.95% | -39.08% | +7.13% |
Max Drawdown (5Y)Largest decline over 5 years | -36.93% | -55.05% | +18.12% |
Max Drawdown (10Y)Largest decline over 10 years | -41.43% | -55.05% | +13.62% |
Current DrawdownCurrent decline from peak | -18.90% | -16.09% | -2.81% |
Average DrawdownAverage peak-to-trough decline | -22.04% | -18.01% | -4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.82% | 6.36% | +2.46% |
Volatility
CUBE vs. NSA - Volatility Comparison
CubeSmart (CUBE) and National Storage Affiliates Trust (NSA) have volatilities of 6.44% and 6.48%, 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.
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Volatility by Period
| CUBE | NSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.44% | 6.48% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 16.22% | 32.45% | -16.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.25% | 39.52% | -17.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.42% | 31.63% | -6.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.39% | 31.05% | -5.66% |
Dividends
CUBE vs. NSA - Dividend Comparison
CUBE's dividend yield for the trailing twelve months is around 5.19%, more than NSA's 5.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CUBE CubeSmart | 5.19% | 5.77% | 3.57% | 4.27% | 4.42% | 2.55% | 3.96% | 4.10% | 4.25% | 3.84% | 3.36% | 2.25% |
NSA National Storage Affiliates Trust | 5.10% | 8.08% | 5.94% | 5.38% | 5.95% | 2.30% | 3.75% | 3.78% | 4.38% | 3.82% | 3.99% | 3.15% |
Financials
CUBE vs. NSA - Financials Comparison
This section allows you to compare key financial metrics between CubeSmart and National Storage Affiliates Trust. 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. NSA - Profitability Comparison
CUBE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CubeSmart reported a gross profit of 0.00 and revenue of 281.93M. Therefore, the gross margin over that period was 0.0%.
NSA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Storage Affiliates Trust reported a gross profit of 0.00 and revenue of 185.40M. Therefore, the gross margin over that period was 0.0%.
CUBE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CubeSmart reported an operating income of -357.00K and revenue of 281.93M, resulting in an operating margin of -0.1%.
NSA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Storage Affiliates Trust reported an operating income of 0.00 and revenue of 185.40M, resulting in an operating margin of 0.0%.
CUBE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CubeSmart reported a net income of 82.89M and revenue of 281.93M, resulting in a net margin of 29.4%.
NSA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Storage Affiliates Trust reported a net income of 28.64M and revenue of 185.40M, resulting in a net margin of 15.5%.
Frequently Asked Questions
CUBE and NSA have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NSA has higher volatility (6.48%) compared to CUBE (6.44%). In terms of maximum drawdown, CUBE dropped -93.15% vs NSA's -55.05%.
NSA currently has the higher Sharpe Ratio (1.22 vs 0.04), 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.
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