NSA vs. REXR

Last updated Aug 1, 2026

NSA (National Storage Affiliates Trust) and REXR (Rexford Industrial Realty, Inc.) 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 8.33%/yr for REXR. Their 0.57 correlation means they have sometimes moved together and sometimes differently.

Performance

NSA vs. REXR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in National Storage Affiliates Trust (NSA) and Rexford Industrial Realty, Inc. (REXR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NSA achieves a 58.87% return, which is significantly higher than REXR's 0.14% return. Over the past 10 years, NSA has outperformed REXR with an annualized return of 12.25%, while REXR has yielded a comparatively lower 8.33% annualized return.

NSA

• 1D: 0.00%
• 1M: -5.64%
• 6M: 40.89%
• YTD: 58.87%
• 1Y: 57.17%
• 3Y*: 14.43%
• 5Y*: 0.89%
• 10Y*: 12.25%
• ALL TIME*: 16.80%

REXR

• 1D: -1.59%
• 1M: 10.41%
• 6M: -4.33%
• YTD: 0.14%
• 1Y: 10.27%
• 3Y*: -7.83%
• 5Y*: -6.26%
• 10Y*: 8.33%
• ALL TIME*: 10.58%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NSA National Storage Affiliates Trust	$167.97M	$98.13M	$58.41M
REXR Rexford Industrial Realty, Inc.	$130.23M	$110.88M	$90.96M

NSA vs. REXR - 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%
REXR Rexford Industrial Realty, Inc.	0.14%	4.68%	-28.48%	5.64%	-31.17%	67.83%	9.69%	57.80%	3.24%	30.25%

Correlation

The correlation between NSA and REXR is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.58
Correlation (3Y) Balances recent behavior with more history.	0.56
Correlation (5Y) Shows whether the relationship held over a longer period.	0.64
Correlation (10Y) Provides a long-term view across more market conditions.	0.60
Correlation (All Time) Calculated using the full available price history since Apr 23, 2015	0.57

The correlation between NSA and REXR has been stable across timeframes, ranging from 0.56 to 0.64 - a consistent structural relationship.

Fundamentals

Market Cap NSA : $3.35B REXR : $8.64B
EPS NSA : $1.16 REXR : -$1.70
PS Ratio NSA : 4.45 REXR : 8.81
PB Ratio NSA : 3.67 REXR : 1.13
Total Revenue (TTM) NSA : $749.98M REXR : $984.48M
Gross Profit (TTM) NSA : $212.81M REXR : $600.74M
EBITDA (TTM) NSA : $396.95M REXR : $599.45M

Return for Risk

NSA vs. REXR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NSA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

REXR

REXR Risk / Return Rank: 53
REXR Sharpe Ratio Rank: 57
REXR Sortino Ratio Rank: 51
REXR Omega Ratio Rank: 49
REXR Calmar Ratio Rank: 54
REXR Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NSA vs. REXR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for National Storage Affiliates Trust (NSA) and Rexford Industrial Realty, Inc. (REXR). 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	REXR	Difference
Sharpe ratio: Return per unit of total volatility	1.15	0.32	+0.83
Sortino ratio: Return per unit of downside risk	2.51	0.69	+1.82
Omega ratio: Gain probability vs. loss probability	1.29	1.08	+0.22
Calmar ratio: Return relative to maximum drawdown	3.22	0.33	+2.89
Martin ratio: Return relative to average drawdown	7.48	0.63	+6.86

NSA vs. REXR - Sharpe Ratio Comparison

The current NSA Sharpe Ratio is 1.15, which is higher than the REXR Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of NSA and REXR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NSA vs. REXR - Drawdown Comparison

The maximum NSA drawdown since its inception was -55.05%, smaller than the maximum REXR drawdown of -58.65%. Use the drawdown chart below to compare losses from any high point for NSA and REXR.

Drawdown Indicators

	NSA	REXR	Difference
Max Drawdown Largest peak-to-trough decline	-55.05%	-58.65%	+3.60%
Max Drawdown (1Y) Largest decline over 1 year	-14.18%	-25.79%	+11.61%
Max Drawdown (3Y) Largest decline over 3 years	-39.08%	-41.89%	+2.81%
Max Drawdown (5Y) Largest decline over 5 years	-55.05%	-58.65%	+3.60%
Max Drawdown (10Y) Largest decline over 10 years	-55.05%	-58.65%	+3.60%
Current Drawdown Current decline from peak	-18.52%	-47.50%	+28.98%
Average Drawdown Average peak-to-trough decline	-18.00%	-16.72%	-1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.11%	13.47%	-7.36%

Volatility

NSA vs. REXR - Volatility Comparison

The current volatility for National Storage Affiliates Trust (NSA) is 6.87%, while Rexford Industrial Realty, Inc. (REXR) has a volatility of 11.74%. This indicates that NSA experiences smaller price fluctuations and is considered to be less risky than REXR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NSA	REXR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.87%	11.74%	-4.87%
Volatility (6M) Calculated over the trailing 6-month period	31.97%	20.06%	+11.91%
Volatility (1Y) Calculated over the trailing 1-year period	39.58%	26.42%	+13.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.63%	27.62%	+4.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.00%	27.21%	+3.79%

Dividends

NSA vs. REXR - Dividend Comparison

NSA has not paid dividends to shareholders, while REXR's dividend yield for the trailing twelve months is around 4.58%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
REXR Rexford Industrial Realty, Inc.	4.58%	4.44%	4.32%	2.71%	2.31%	1.18%	1.75%	1.62%	2.17%	3.25%	2.33%	3.12%

Financials

Frequently Asked Questions

Can I hold both NSA and REXR in my portfolio?

NSA and REXR have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NSA or REXR?

REXR has higher volatility (11.74%) compared to NSA (6.87%). In terms of maximum drawdown, NSA dropped -55.05% vs REXR's -58.65%.

Which has better risk-adjusted returns?

NSA currently has the higher Sharpe Ratio (1.15 vs 0.32), 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.