NNN vs. EXR
NNN (NNN REIT, Inc.) and EXR (Extra Space Storage Inc.) are both stocks. Both are in the Real Estate sector — NNN in REIT - Retail, EXR in REIT - Specialty. Over the past 10 years, NNN returned 3.84%/yr vs 8.33%/yr for EXR. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
NNN vs. EXR - Performance Comparison
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Returns By Period
In the year-to-date period, NNN achieves a 20.73% return, which is significantly higher than EXR's 12.04% return. Over the past 10 years, NNN has underperformed EXR with an annualized return of 3.84%, while EXR has yielded a comparatively higher 8.33% annualized return.
NNN
- 1D
- -0.81%
- 1M
- 1.13%
- 6M
- 16.16%
- YTD
- 20.73%
- 1Y
- 14.88%
- 3Y*
- 9.03%
- 5Y*
- 4.92%
- 10Y*
- 3.84%
EXR
- 1D
- -0.91%
- 1M
- -2.70%
- 6M
- 7.01%
- YTD
- 12.04%
- 1Y
- 0.41%
- 3Y*
- 2.85%
- 5Y*
- 0.12%
- 10Y*
- 8.33%
NNN vs. EXR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NNN NNN REIT, Inc. | 20.73% | 2.81% | -0.06% | -0.60% | -0.01% | 23.08% | -19.29% | 14.78% | 17.82% | 2.00% |
EXR Extra Space Storage Inc. | 12.04% | -8.92% | -2.81% | 13.86% | -32.82% | 100.98% | 13.64% | 20.71% | 7.29% | 17.83% |
Correlation
The correlation between NNN and EXR is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2004 | 0.60 |
The correlation between NNN and EXR has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.
Fundamentals
NNN:
$8.85B
EXR:
$30.14B
NNN:
$2.05
EXR:
$4.34
NNN:
22.70
EXR:
32.91
NNN:
9.39
EXR:
9.16
NNN:
2.00
EXR:
2.36
NNN:
$935.78M
EXR:
$3.39B
NNN:
$761.54M
EXR:
$345.79M
NNN:
$870.06M
EXR:
$2.91B
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Return for Risk
NNN vs. EXR — Risk / Return Rank
NNN
EXR
NNN vs. EXR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NNN REIT, Inc. (NNN) 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.
| NNN | EXR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.02 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 0.02 | +1.67 |
| Martin ratioReturn relative to average drawdown | 3.88 | 0.05 | +3.83 |
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Drawdowns
NNN vs. EXR - Drawdown Comparison
The maximum NNN drawdown since its inception was -56.17%, smaller than the maximum EXR drawdown of -71.22%. Use the drawdown chart below to compare losses from any high point for NNN and EXR.
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Drawdown Indicators
| NNN | EXR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.17% | -71.22% | +15.05% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | -16.70% | +7.87% |
Max Drawdown (3Y)Largest decline over 3 years | -22.03% | -33.78% | +11.75% |
Max Drawdown (5Y)Largest decline over 5 years | -25.22% | -51.36% | +26.14% |
Max Drawdown (10Y)Largest decline over 10 years | -54.99% | -51.36% | -3.63% |
Current DrawdownCurrent decline from peak | -2.15% | -24.13% | +21.98% |
Average DrawdownAverage peak-to-trough decline | -9.79% | -13.41% | +3.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 8.06% | -4.21% |
Volatility
NNN vs. EXR - Volatility Comparison
The current volatility for NNN REIT, Inc. (NNN) is 6.08%, while Extra Space Storage Inc. (EXR) has a volatility of 6.46%. This indicates that NNN experiences smaller price fluctuations and is considered to be less risky than EXR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NNN | EXR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 6.46% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 12.15% | 17.20% | -5.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.11% | 24.98% | -7.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 28.25% | -8.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.10% | 26.93% | +1.17% |
Dividends
NNN vs. EXR - Dividend Comparison
NNN's dividend yield for the trailing twelve months is around 5.16%, more than EXR's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXR Extra Space Storage Inc. | 4.54% | 4.98% | 4.33% | 4.04% | 4.08% | 1.98% | 3.11% | 3.37% | 3.71% | 3.57% | 3.79% | 2.54% |
NNN NNN REIT, Inc. | 5.16% | 5.96% | 5.61% | 5.17% | 4.72% | 4.37% | 5.06% | 3.79% | 4.02% | 4.31% | 4.03% | 4.27% |
Financials
NNN vs. EXR - Financials Comparison
This section allows you to compare key financial metrics between NNN REIT, Inc. 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
NNN vs. EXR - Profitability Comparison
NNN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, NNN REIT, Inc. reported a gross profit of 230.63M and revenue of 240.42M. Therefore, the gross margin over that period was 95.9%.
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%.
NNN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, NNN REIT, Inc. reported an operating income of 146.65M and revenue of 240.42M, resulting in an operating margin of 61.0%.
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%.
NNN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, NNN REIT, Inc. reported a net income of 93.95M and revenue of 240.42M, resulting in a net margin of 39.1%.
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%.
Frequently Asked Questions
NNN and EXR have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EXR has higher volatility (6.46%) compared to NNN (6.08%). In terms of maximum drawdown, NNN dropped -56.17% vs EXR's -71.22%.
NNN currently has the higher Sharpe Ratio (0.87 vs 0.02), 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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