PSA vs. GLPI
PSA (Public Storage) and GLPI (Gaming and Leisure Properties, Inc.) are both stocks. Both are in the Real Estate sector — PSA in REIT - Industrial, GLPI in REIT - Specialty. Over the past 10 years, PSA returned 5.63%/yr vs 10.07%/yr for GLPI. At a 0.43 correlation, their price movements are largely independent.
Performance
PSA vs. GLPI - Performance Comparison
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Returns By Period
In the year-to-date period, PSA achieves a 17.55% return, which is significantly higher than GLPI's 4.80% return. Over the past 10 years, PSA has underperformed GLPI with an annualized return of 5.63%, while GLPI has yielded a comparatively higher 10.07% annualized return.
PSA
- 1D
- 0.95%
- 1M
- 2.24%
- YTD
- 17.55%
- 6M
- 10.84%
- 1Y
- 3.77%
- 3Y*
- 5.79%
- 5Y*
- 5.37%
- 10Y*
- 5.63%
GLPI
- 1D
- -0.67%
- 1M
- -2.62%
- YTD
- 4.80%
- 6M
- 9.12%
- 1Y
- 6.43%
- 3Y*
- 3.55%
- 5Y*
- 5.99%
- 10Y*
- 10.07%
PSA vs. GLPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSA Public Storage | 17.55% | -9.69% | 2.09% | 13.60% | -20.20% | 66.63% | 12.69% | 8.96% | 0.62% | -2.89% |
GLPI Gaming and Leisure Properties, Inc. | 4.80% | -0.80% | 3.95% | 0.92% | 13.49% | 22.10% | 4.18% | 42.88% | -5.89% | 29.78% |
Correlation
The correlation between PSA and GLPI is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2013 | 0.43 |
The correlation between PSA and GLPI shifts across timeframes, from 0.43 (all time) to 0.56 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
PSA:
$10.84
GLPI:
$4.24
PSA:
27.87
GLPI:
10.87
PSA:
1.68
GLPI:
1.55
PSA:
10.93
GLPI:
6.23
PSA:
$4.86B
GLPI:
$1.56B
PSA:
$2.95B
GLPI:
$608.86M
PSA:
$3.38B
GLPI:
$1.60B
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Return for Risk
PSA vs. GLPI — Risk / Return Rank
PSA
GLPI
PSA vs. GLPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Public Storage (PSA) and Gaming and Leisure Properties, Inc. (GLPI). 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.
| PSA | GLPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.07 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 0.52 | -0.29 |
| Martin ratioReturn relative to average drawdown | 0.50 | 1.29 | -0.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSA | GLPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.37 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.30 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.35 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.37 | +0.05 |
Drawdowns
PSA vs. GLPI - Drawdown Comparison
The maximum PSA drawdown since its inception was -60.19%, smaller than the maximum GLPI drawdown of -69.44%. Use the drawdown chart below to compare losses from any high point for PSA and GLPI.
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Drawdown Indicators
| PSA | GLPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.19% | -69.44% | +9.25% |
Max Drawdown (1Y)Largest decline over 1 year | -16.20% | -12.39% | -3.81% |
Max Drawdown (3Y)Largest decline over 3 years | -25.62% | -14.90% | -10.72% |
Max Drawdown (5Y)Largest decline over 5 years | -37.93% | -17.12% | -20.81% |
Max Drawdown (10Y)Largest decline over 10 years | -37.93% | -69.44% | +31.51% |
Current DrawdownCurrent decline from peak | -12.84% | -5.99% | -6.85% |
Average DrawdownAverage peak-to-trough decline | -15.78% | -8.30% | -7.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.52% | 4.99% | +2.53% |
Volatility
PSA vs. GLPI - Volatility Comparison
Public Storage (PSA) has a higher volatility of 7.28% compared to Gaming and Leisure Properties, Inc. (GLPI) at 3.71%. This indicates that PSA's price experiences larger fluctuations and is considered to be riskier than GLPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSA | GLPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 3.71% | +3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 17.64% | 12.58% | +5.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 17.34% | +5.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.81% | 19.76% | +4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.45% | 28.80% | -5.35% |
Dividends
PSA vs. GLPI - Dividend Comparison
PSA's dividend yield for the trailing twelve months is around 3.97%, less than GLPI's 6.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLPI Gaming and Leisure Properties, Inc. | 6.77% | 6.94% | 6.31% | 6.38% | 5.38% | 5.96% | 5.33% | 6.36% | 7.95% | 6.76% | 7.58% | 7.84% |
PSA Public Storage | 3.97% | 4.62% | 4.01% | 3.93% | 7.55% | 2.14% | 3.46% | 3.76% | 3.95% | 3.83% | 3.27% | 2.62% |
Financials
PSA vs. GLPI - Financials Comparison
This section allows you to compare key financial metrics between Public Storage and Gaming and Leisure Properties, 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
PSA vs. GLPI - Profitability Comparison
PSA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Public Storage reported a gross profit of 877.80M and revenue of 1.22B. Therefore, the gross margin over that period was 72.1%.
GLPI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gaming and Leisure Properties, Inc. reported a gross profit of 0.00 and revenue of 356.52M. Therefore, the gross margin over that period was 0.0%.
PSA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Public Storage reported an operating income of 474.28M and revenue of 1.22B, resulting in an operating margin of 39.0%.
GLPI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gaming and Leisure Properties, Inc. reported an operating income of 333.35M and revenue of 356.52M, resulting in an operating margin of 93.5%.
PSA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Public Storage reported a net income of 529.38M and revenue of 1.22B, resulting in a net margin of 43.5%.
GLPI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gaming and Leisure Properties, Inc. reported a net income of 231.83M and revenue of 356.52M, resulting in a net margin of 65.0%.
Frequently Asked Questions
PSA and GLPI have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSA has higher volatility (7.28%) compared to GLPI (3.71%). In terms of maximum drawdown, PSA dropped -60.19% vs GLPI's -69.44%.
GLPI currently has the higher Sharpe Ratio (0.37 vs 0.17), 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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