NSA vs. EXR
NSA (National Storage Affiliates Trust) and EXR (Extra Space Storage Inc.) are both stocks. Both are in the Real Estate sector — NSA in REIT - Industrial, EXR in REIT - Specialty. Over the past 10 years, NSA returned 12.25%/yr vs 10.25%/yr for EXR. Their 0.74 correlation means they have sometimes moved together and sometimes differently.
Performance
NSA vs. EXR - Performance Comparison
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Returns By Period
In the year-to-date period, NSA achieves a 58.87% return, which is significantly higher than EXR's 17.58% return. Over the past 10 years, NSA has outperformed EXR with an annualized return of 12.25%, while EXR has yielded a comparatively lower 10.25% 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%
EXR
- 1D
- 1.14%
- 1M
- 0.26%
- 6M
- 13.25%
- YTD
- 17.58%
- 1Y
- 12.49%
- 3Y*
- 10.50%
- 5Y*
- 0.79%
- 10Y*
- 10.25%
- ALL TIME*
- 16.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $255.43M | $188.08M | $174.34M | |
| $167.97M | $98.13M | $58.41M |
NSA vs. EXR - 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% |
EXR Extra Space Storage Inc. | 17.58% | -8.92% | -2.81% | 13.86% | -32.82% | 100.98% | 13.64% | 20.71% | 7.29% | 17.83% |
Correlation
The correlation between NSA and EXR 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 EXR 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
EXR:
$31.63B
NSA:
$1.16
EXR:
$4.39
NSA:
37.34
EXR:
34.14
NSA:
4.45
EXR:
9.54
NSA:
3.67
EXR:
2.49
NSA:
$749.98M
EXR:
$3.43B
NSA:
$212.81M
EXR:
-$251.27M
NSA:
$396.95M
EXR:
$2.60B
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Return for Risk
NSA vs. EXR — Risk / Return Rank
NSA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EXR
NSA vs. EXR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Storage Affiliates Trust (NSA) 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.
| NSA | EXR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.11 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 0.75 | +2.47 |
| Martin ratioReturn relative to average drawdown | 7.48 | 1.67 | +5.81 |
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Drawdowns
NSA vs. EXR - Drawdown Comparison
The maximum NSA drawdown since its inception was -55.05%, smaller than the maximum EXR drawdown of -71.22%. Use the drawdown chart below to compare losses from any high point for NSA and EXR.
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Drawdown Indicators
| NSA | EXR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.05% | -71.22% | +16.17% |
Max Drawdown (1Y)Largest decline over 1 year | -14.18% | -16.70% | +2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -39.08% | -29.36% | -9.72% |
Max Drawdown (5Y)Largest decline over 5 years | -55.05% | -51.36% | -3.69% |
Max Drawdown (10Y)Largest decline over 10 years | -55.05% | -51.36% | -3.69% |
Current DrawdownCurrent decline from peak | -18.52% | -20.38% | +1.86% |
Average DrawdownAverage peak-to-trough decline | -18.00% | -13.43% | -4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.11% | 7.49% | -1.38% |
Volatility
NSA vs. EXR - Volatility Comparison
The current volatility for National Storage Affiliates Trust (NSA) is 6.87%, while Extra Space Storage Inc. (EXR) has a volatility of 7.57%. This indicates that NSA 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
| NSA | EXR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.87% | 7.57% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 31.97% | 17.29% | +14.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.58% | 23.00% | +16.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.63% | 28.33% | +3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.00% | 26.94% | +4.06% |
Dividends
NSA vs. EXR - Dividend Comparison
NSA has not paid dividends to shareholders, while EXR's dividend yield for the trailing twelve months is around 4.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXR Extra Space Storage Inc. | 4.33% | 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 | 5.33% | 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. EXR - Financials Comparison
This section allows you to compare key financial metrics between National Storage Affiliates Trust 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
NSA vs. EXR - 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%.
EXR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Extra Space Storage Inc. reported a gross profit of -599.86M and revenue of 874.15M. Therefore, the gross margin over that period was -68.6%.
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%.
EXR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Extra Space Storage Inc. reported an operating income of 392.18M and revenue of 874.15M, resulting in an operating margin of 44.9%.
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%.
EXR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Extra Space Storage Inc. reported a net income of 263.47M and revenue of 874.15M, resulting in a net margin of 30.1%.
Frequently Asked Questions
NSA and EXR 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.
EXR has higher volatility (7.57%) compared to NSA (6.87%). In terms of maximum drawdown, NSA dropped -55.05% vs EXR's -71.22%.
NSA currently has the higher Sharpe Ratio (1.15 vs 0.55), 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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