NSA vs. CUBE
NSA (National Storage Affiliates Trust) and CUBE (CubeSmart) are both stocks. Both operate in the REIT - Industrial industry within the Real Estate sector. Over the past 10 years, NSA returned 12.25%/yr vs 8.74%/yr for CUBE. Their 0.74 correlation means they have sometimes moved together and sometimes differently.
Performance
NSA vs. CUBE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NSA achieves a 58.87% return, which is significantly higher than CUBE's 21.14% return. Over the past 10 years, NSA has outperformed CUBE with an annualized return of 12.25%, while CUBE has yielded a comparatively lower 8.74% annualized return.
NSA
- 1D
- 0.00%
- 1M
- -5.64%
- 6M
- 41.33%
- YTD
- 58.87%
- 1Y
- 57.17%
- 3Y*
- 14.43%
- 5Y*
- 0.89%
- 10Y*
- 12.25%
- ALL TIME*
- 16.80%
CUBE
- 1D
- 0.92%
- 1M
- 2.10%
- 6M
- 16.13%
- YTD
- 21.14%
- 1Y
- 10.86%
- 3Y*
- 6.12%
- 5Y*
- 0.86%
- 10Y*
- 8.74%
- ALL TIME*
- 8.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CUBE CubeSmart | $113.31M | $94.17M | $86.77M |
| $167.97M | $98.13M | $58.41M |
NSA vs. CUBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NSA National Storage Affiliates Trust | 58.87% | -20.19% | -3.53% | 21.94% | -45.37% | 98.04% | 11.67% | 32.41% | 1.21% | 29.01% |
CUBE CubeSmart | 21.14% | -11.59% | -4.53% | 20.50% | -26.31% | 74.59% | 11.67% | 14.12% | 3.42% | 12.74% |
Correlation
The correlation between NSA and CUBE is 0.83, 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. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2015 | 0.74 |
The correlation between NSA and CUBE shifts across timeframes, from 0.74 (all time) to 0.85 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NSA:
$3.35B
CUBE:
$9.47B
NSA:
$1.16
CUBE:
$1.46
NSA:
37.34
CUBE:
28.62
NSA:
3.32
CUBE:
3.03
NSA:
4.45
CUBE:
8.42
NSA:
3.67
CUBE:
3.69
NSA:
$749.98M
CUBE:
$1.14B
NSA:
$212.81M
CUBE:
$86.29M
NSA:
$396.95M
CUBE:
$704.64M
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
NSA vs. CUBE — Risk / Return Rank
NSA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CUBE
NSA vs. CUBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Storage Affiliates Trust (NSA) and CubeSmart (CUBE). 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.
| NSA | CUBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.10 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 0.66 | +2.56 |
| Martin ratioReturn relative to average drawdown | 7.48 | 1.43 | +6.05 |
Loading charts...
Drawdowns
NSA vs. CUBE - Drawdown Comparison
The maximum NSA drawdown since its inception was -55.05%, smaller than the maximum CUBE drawdown of -93.15%. Use the drawdown chart below to compare losses from any high point for NSA and CUBE.
Loading charts...
Drawdown Indicators
| NSA | CUBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.05% | -93.15% | +38.10% |
Max Drawdown (1Y)Largest decline over 1 year | -14.18% | -16.49% | +2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -39.08% | -31.95% | -7.13% |
Max Drawdown (5Y)Largest decline over 5 years | -55.05% | -36.93% | -18.12% |
Max Drawdown (10Y)Largest decline over 10 years | -55.05% | -41.43% | -13.62% |
Current DrawdownCurrent decline from peak | -18.52% | -15.07% | -3.45% |
Average DrawdownAverage peak-to-trough decline | -18.00% | -22.01% | +4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.11% | 7.62% | -1.51% |
Volatility
NSA vs. CUBE - Volatility Comparison
National Storage Affiliates Trust (NSA) and CubeSmart (CUBE) have volatilities of 6.87% and 7.16%, 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
| NSA | CUBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.87% | 7.16% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 31.97% | 17.08% | +14.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.58% | 22.32% | +17.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.63% | 25.54% | +6.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.00% | 25.39% | +5.61% |
Dividends
NSA vs. CUBE - Dividend Comparison
NSA has not paid dividends to shareholders, while CUBE's dividend yield for the trailing twelve months is around 5.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CUBE CubeSmart | 5.04% | 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 | 5.33% | 8.08% | 5.94% | 5.38% | 5.95% | 2.30% | 3.75% | 3.78% | 4.38% | 3.82% | 3.99% | 3.15% |
Financials
NSA vs. CUBE - Financials Comparison
This section allows you to compare key financial metrics between National Storage Affiliates Trust and CubeSmart. 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
NSA vs. CUBE - Profitability Comparison
NSA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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 - 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%.
NSA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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 - 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%.
NSA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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%.
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%.
Frequently Asked Questions
NSA and CUBE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CUBE has higher volatility (7.16%) compared to NSA (6.87%). In terms of maximum drawdown, NSA dropped -55.05% vs CUBE's -93.15%.
NSA currently has the higher Sharpe Ratio (1.15 vs 0.49), 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 NSA and CUBE
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