EXR vs. NSA
EXR (Extra Space Storage Inc.) and NSA (National Storage Affiliates Trust) are both stocks. Both are in the Real Estate sector — EXR in REIT - Specialty, NSA in REIT - Industrial. Over the past 10 years, EXR returned 8.64%/yr vs 12.79%/yr for NSA. A 0.74 correlation means they provide meaningful diversification when combined.
Performance
EXR vs. NSA - Performance Comparison
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Returns By Period
In the year-to-date period, EXR achieves a 14.12% return, which is significantly lower than NSA's 64.78% return. Over the past 10 years, EXR has underperformed NSA with an annualized return of 8.64%, while NSA has yielded a comparatively higher 12.79% annualized return.
EXR
- 1D
- 0.94%
- 1M
- -2.46%
- 6M
- 5.87%
- YTD
- 14.12%
- 1Y
- 1.23%
- 3Y*
- 1.85%
- 5Y*
- 0.58%
- 10Y*
- 8.64%
NSA
- 1D
- 0.67%
- 1M
- -0.20%
- 6M
- 45.13%
- YTD
- 64.78%
- 1Y
- 48.24%
- 3Y*
- 14.04%
- 5Y*
- 2.18%
- 10Y*
- 12.79%
EXR vs. NSA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXR Extra Space Storage Inc. | 14.12% | -8.92% | -2.81% | 13.86% | -32.82% | 100.98% | 13.64% | 20.71% | 7.29% | 17.83% |
NSA National Storage Affiliates Trust | 64.78% | -20.19% | -3.53% | 21.94% | -45.37% | 98.04% | 11.67% | 32.41% | 1.21% | 29.01% |
Correlation
The correlation between EXR and NSA is 0.84, 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 | 0.84 |
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 EXR and NSA shifts across timeframes, from 0.74 (all time) to 0.85 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
EXR:
$30.70B
NSA:
$3.48B
EXR:
$4.34
NSA:
$1.16
EXR:
33.52
NSA:
38.76
EXR:
9.32
NSA:
4.62
EXR:
2.40
NSA:
3.81
EXR:
$3.39B
NSA:
$749.98M
EXR:
$345.79M
NSA:
$212.81M
EXR:
$2.91B
NSA:
$396.95M
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Return for Risk
EXR vs. NSA — Risk / Return Rank
EXR
NSA
EXR vs. NSA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Extra Space Storage Inc. (EXR) 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.
| EXR | NSA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.31 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 3.42 | -3.34 |
| Martin ratioReturn relative to average drawdown | 0.15 | 7.71 | -7.56 |
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Drawdowns
EXR vs. NSA - Drawdown Comparison
The maximum EXR drawdown since its inception was -71.22%, which is greater than NSA's maximum drawdown of -55.05%. Use the drawdown chart below to compare losses from any high point for EXR and NSA.
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Drawdown Indicators
| EXR | NSA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.22% | -55.05% | -16.17% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -14.18% | -2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -33.78% | -39.08% | +5.30% |
Max Drawdown (5Y)Largest decline over 5 years | -51.36% | -55.05% | +3.69% |
Max Drawdown (10Y)Largest decline over 10 years | -51.36% | -55.05% | +3.69% |
Current DrawdownCurrent decline from peak | -22.73% | -15.49% | -7.24% |
Average DrawdownAverage peak-to-trough decline | -13.41% | -18.00% | +4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.06% | 6.27% | +1.79% |
Volatility
EXR vs. NSA - Volatility Comparison
Extra Space Storage Inc. (EXR) and National Storage Affiliates Trust (NSA) have volatilities of 6.11% and 6.13%, 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
| EXR | NSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 6.13% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 17.11% | 32.09% | -14.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.04% | 39.54% | -14.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.24% | 31.62% | -3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.94% | 30.97% | -4.03% |
Dividends
EXR vs. NSA - Dividend Comparison
EXR's dividend yield for the trailing twelve months is around 4.46%, less than NSA's 5.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXR Extra Space Storage Inc. | 4.46% | 4.98% | 4.33% | 4.04% | 4.08% | 1.98% | 3.11% | 3.37% | 3.71% | 3.57% | 3.79% | 2.54% |
NSA National Storage Affiliates Trust | 5.06% | 8.08% | 5.94% | 5.38% | 5.95% | 2.30% | 3.75% | 3.78% | 4.38% | 3.82% | 3.99% | 3.15% |
Financials
EXR vs. NSA - Financials Comparison
This section allows you to compare key financial metrics between Extra Space Storage Inc. 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
EXR vs. NSA - Profitability Comparison
EXR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
NSA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
EXR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
NSA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
EXR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
NSA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
EXR and NSA have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NSA has higher volatility (6.13%) compared to EXR (6.11%). In terms of maximum drawdown, EXR dropped -71.22% vs NSA's -55.05%.
NSA currently has the higher Sharpe Ratio (1.23 vs 0.05), 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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