BDN vs BXP: Correlation
How closely do Brandywine Realty Trust (BDN) and BXP, Inc. (BXP) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDN and BXP?
Across a 3-year window, the weekly returns of BDN and BXP correlate at 0.71, strong. The past 12 months show a weaker link (0.51) than the 3-year average (0.71). Stretching to 5 years gives 0.77, with an annualized covariance of 945.6 %².
Among the 13 assets we track against BDN, BXP ranks #5 by 3-year correlation. The last year tells two different stories: BXP led by 21.2 percentage points, -18.3% for BDN against +2.9% for BXP.
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.
BDN vs BXP: side by side
| BDN (Brandywine Realty Trust) | BXP (BXP, Inc.) | |
|---|---|---|
| 1-year return | -18.3% | +2.9% |
| 5-year return | -61.3% | -18.9% |
| Volatility (ann.) | 40.3% | 33.1% |
| Beta vs S&P 500 | 1.01 | 1.02 |
| Max drawdown (3Y) | -56.3% | -39.0% |
| Market cap | $0.5B | $12.7B |
| P/E (trailing) | – | 37.8 |
| Dividend yield | 9.94% | 3.98% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | BDN | BXP |
|---|---|---|
| 2022 | -50.7% | -38.6% |
| 2023 | +1.7% | +11.0% |
| 2024 | +17.1% | +12.3% |
| 2025 | -41.3% | -4.7% |
| 2026 | +15.3% | +6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDN and BXP good diversifiers for each other?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BDN and BXP?
As of 2026-08-27, the correlation of weekly returns between BDN and BXP is 0.71 over 3 years, 0.51 over 1 year and 0.77 over 5 years.
Is BXP a good diversifier for BDN?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.71 mean?
A reading of 0.71 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/bdn-vs-bxp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bdn-vs-bxp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BDN correlations · BXP correlations
