EXR vs. COLD

Last updated Jun 4, 2026

EXR (Extra Space Storage Inc.) and COLD (Americold Realty Trust) are both stocks. Both operate in the REIT - Industrial industry within the Real Estate sector. Over the past 5 years, EXR returned 2.43%/yr vs -14.39%/yr for COLD. At a 0.49 correlation, their price movements are largely independent.

Performance

EXR vs. COLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Extra Space Storage Inc. (EXR) and Americold Realty Trust (COLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EXR achieves a 11.12% return, which is significantly lower than COLD's 15.93% return.

EXR

• 1D: 0.53%
• 1M: 2.66%
• YTD: 11.12%
• 6M: 10.76%
• 1Y: -0.14%
• 3Y*: 3.76%
• 5Y*: 2.43%
• 10Y*: 8.35%

COLD

• 1D: -2.47%
• 1M: 22.67%
• YTD: 15.93%
• 6M: 36.92%
• 1Y: -4.87%
• 3Y*: -17.44%
• 5Y*: -14.39%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EXR vs. COLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EXR Extra Space Storage Inc.	11.12%	-8.92%	-2.81%	13.86%	-32.82%	100.98%	13.64%	20.71%	12.17%
COLD Americold Realty Trust	15.93%	-36.17%	-26.72%	10.11%	-10.89%	-9.89%	9.03%	40.61%	48.27%

Correlation

The correlation between EXR and COLD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jan 22, 2018	0.49

Fundamentals

Market Cap EXR : $31.51B COLD : $4.18B
EPS EXR : $4.36 COLD : -$0.39
PS Ratio EXR : 9.12 COLD : 1.61
PB Ratio EXR : 2.36 COLD : 1.48
Total Revenue (TTM) EXR : $3.39B COLD : $2.60B
Gross Profit (TTM) EXR : $345.79M COLD : -$101.19M
EBITDA (TTM) EXR : $2.91B COLD : $311.42M

Return for Risk

EXR vs. COLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EXR

EXR Risk / Return Rank: 37
EXR Sharpe Ratio Rank: 40
EXR Sortino Ratio Rank: 33
EXR Omega Ratio Rank: 33
EXR Calmar Ratio Rank: 39
EXR Martin Ratio Rank: 39

COLD

COLD Risk / Return Rank: 35
COLD Sharpe Ratio Rank: 36
COLD Sortino Ratio Rank: 34
COLD Omega Ratio Rank: 34
COLD Calmar Ratio Rank: 36
COLD Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EXR vs. COLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Extra Space Storage Inc. (EXR) and Americold Realty Trust (COLD). 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.

	EXR	COLD	Difference
Sharpe ratio Return per unit of total volatility	-0.01	-0.11	+0.10
Sortino ratio Return per unit of downside risk	0.16	0.17	-0.01
Omega ratio Gain probability vs. loss probability	1.02	1.02	0.00
Calmar ratio Return relative to maximum drawdown	-0.01	-0.12	+0.11
Martin ratio Return relative to average drawdown	-0.02	-0.21	+0.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXR vs. COLD - Sharpe Ratio Comparison

The current EXR Sharpe Ratio is -0.01, which is higher than the COLD Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of EXR and COLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EXR	COLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	-0.11	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	-0.44	+0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.03	+0.48

Drawdowns

EXR vs. COLD - Drawdown Comparison

The maximum EXR drawdown since its inception was -71.22%, roughly equal to the maximum COLD drawdown of -70.76%. Use the drawdown chart below to compare losses from any high point for EXR and COLD.

Drawdown Indicators

	EXR	COLD	Difference
Max Drawdown Largest peak-to-trough decline	-71.22%	-70.76%	-0.46%
Max Drawdown (1Y) Largest decline over 1 year	-16.70%	-41.15%	+24.45%
Max Drawdown (3Y) Largest decline over 3 years	-33.78%	-67.06%	+33.28%
Max Drawdown (5Y) Largest decline over 5 years	-51.36%	-70.76%	+19.40%
Max Drawdown (10Y) Largest decline over 10 years	-51.36%	—	—
Current Drawdown Current decline from peak	-24.76%	-56.17%	+31.41%
Average Drawdown Average peak-to-trough decline	-13.37%	-22.29%	+8.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.16%	23.24%	-15.08%

Volatility

EXR vs. COLD - Volatility Comparison

The current volatility for Extra Space Storage Inc. (EXR) is 6.90%, while Americold Realty Trust (COLD) has a volatility of 19.62%. This indicates that EXR experiences smaller price fluctuations and is considered to be less risky than COLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXR	COLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.90%	19.62%	-12.72%
Volatility (6M) Calculated over the trailing 6-month period	17.03%	35.05%	-18.02%
Volatility (1Y) Calculated over the trailing 1-year period	24.71%	44.71%	-20.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.20%	32.92%	-4.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.94%	32.18%	-5.24%

Dividends

EXR vs. COLD - Dividend Comparison

EXR's dividend yield for the trailing twelve months is around 4.53%, less than COLD's 6.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COLD Americold Realty Trust	6.30%	7.15%	4.11%	2.91%	3.11%	2.68%	2.25%	2.28%	2.75%	0.00%	0.00%	0.00%
EXR Extra Space Storage Inc.	4.53%	4.98%	4.33%	4.04%	4.08%	1.98%	3.11%	3.37%	3.71%	3.57%	3.79%	2.54%

Financials

EXR vs. COLD - Profitability Comparison

The chart below illustrates the profitability comparison between Extra Space Storage Inc. and Americold Realty Trust over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

EXR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Extra Space Storage Inc. reported a gross profit of 0.00 and revenue of 856.03M. Therefore, the gross margin over that period was 0.0%.

COLD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Americold Realty Trust reported a gross profit of 0.00 and revenue of 629.87M. Therefore, the gross margin over that period was 0.0%.

EXR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Extra Space Storage Inc. reported an operating income of 367.55M and revenue of 856.03M, resulting in an operating margin of 42.9%.

COLD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Americold Realty Trust reported an operating income of 14.29M and revenue of 629.87M, resulting in an operating margin of 2.3%.

EXR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Extra Space Storage Inc. reported a net income of 240.98M and revenue of 856.03M, resulting in a net margin of 28.2%.

COLD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Americold Realty Trust reported a net income of -13.56M and revenue of 629.87M, resulting in a net margin of -2.2%.

Frequently Asked Questions

Can I hold both EXR and COLD in my portfolio?

EXR and COLD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EXR or COLD?

COLD has higher volatility (19.62%) compared to EXR (6.90%). In terms of maximum drawdown, EXR dropped -71.22% vs COLD's -70.76%.

Which has better risk-adjusted returns?

EXR currently has the higher Sharpe Ratio (-0.01 vs -0.11), 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.