BXP vs CBRE: Correlation
Measured on weekly returns over the past three years, BXP, Inc. (BXP) and CBRE Group (CBRE) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXP and CBRE?
Across a 3-year window, the weekly returns of BXP and CBRE correlate at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Stretching to 5 years gives 0.61, with an annualized covariance of 598.5 %².
By 3-year correlation, CBRE places #23 of the 45 assets tracked against BXP. On 12-month performance BXP holds a 12.6-point edge, +2.9% against -9.7%. On a rolling one-year basis the correlation drifted between 0.44 and 0.74, a moderate band.
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.
BXP vs CBRE: side by side
| BXP (BXP, Inc.) | CBRE (CBRE Group) | |
|---|---|---|
| 1-year return | +2.9% | -9.7% |
| 5-year return | -18.9% | +53.3% |
| Volatility (ann.) | 33.1% | 30.4% |
| Beta vs S&P 500 | 1.02 | 1.04 |
| Max drawdown (3Y) | -39.0% | -27.4% |
| Market cap | $12.7B | $42.6B |
| P/E (trailing) | 37.8 | 34.4 |
| Dividend yield | 3.98% | 0.00% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | BXP | CBRE |
|---|---|---|
| 2022 | -38.6% | -29.1% |
| 2023 | +11.0% | +21.0% |
| 2024 | +12.3% | +41.0% |
| 2025 | -4.7% | +22.5% |
| 2026 | +6.2% | -8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXP and CBRE good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BXP and CBRE?
As of 2026-08-27, the correlation of weekly returns between BXP and CBRE is 0.59 over 3 years, 0.56 over 1 year and 0.61 over 5 years.
Is CBRE a good diversifier for BXP?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bxp-vs-cbre.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bxp-vs-cbre/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BXP correlations · CBRE correlations
