ALX vs BFS: Correlation
How closely do Alexander's, Inc. (ALX) and Saul Centers, Inc. (BFS) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALX and BFS?
On 3 years of weekly data the ALX/BFS correlation comes out at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 309.9 %².
Among the 12 assets we track against ALX, BFS ranks #4 by 3-year correlation. The last year tells two different stories: ALX led by 18.4 percentage points, +24.1% for ALX against +5.7% for BFS.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ALX vs BFS: side by side
| ALX (Alexander's, Inc.) | BFS (Saul Centers, Inc.) | |
|---|---|---|
| 1-year return | +24.1% | +5.7% |
| 5-year return | +51.5% | -2.0% |
| Volatility (ann.) | 26.4% | 20.9% |
| Beta vs S&P 500 | 0.64 | 0.41 |
| Max drawdown (3Y) | -23.2% | -24.1% |
| Market cap | $1.4B | $1.2B |
| P/E (trailing) | 8.2 | 34.8 |
| Dividend yield | 6.62% | 7.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALX | BFS |
|---|---|---|
| 2022 | -9.1% | -19.4% |
| 2023 | +6.4% | +2.6% |
| 2024 | +1.4% | +5.0% |
| 2025 | +18.4% | -12.8% |
| 2026 | +31.2% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALX and BFS good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALX and BFS?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.53 over the last year and 0.56 over 5 years.
Is BFS a good diversifier for ALX?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alx-vs-bfs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alx-vs-bfs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALX correlations · BFS correlations
