BXP vs DOC: Correlation
Measured on weekly returns over the past three years, BXP, Inc. (BXP) and Healthpeak Properties (DOC) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXP and DOC?
Across a 3-year window, the weekly returns of BXP and DOC correlate at 0.58, moderate. The link has loosened recently: the 1-year correlation (0.42) runs below the 3-year figure (0.58). Stretching to 5 years gives 0.61, with an annualized covariance of 517.5 %².
Among the 45 assets we track against BXP, DOC ranks #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DOC ahead by 23.8 points (+2.9% versus +26.7%). Across three years, the rolling one-year figure varied moderately, from 0.34 to 0.82.
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 DOC: side by side
| BXP (BXP, Inc.) | DOC (Healthpeak Properties) | |
|---|---|---|
| 1-year return | +2.9% | +26.7% |
| 5-year return | -18.9% | -21.6% |
| Volatility (ann.) | 33.1% | 27.1% |
| Beta vs S&P 500 | 1.02 | 0.53 |
| Max drawdown (3Y) | -39.0% | -26.0% |
| Market cap | $12.7B | $15.0B |
| P/E (trailing) | 37.8 | 62.4 |
| Dividend yield | 3.98% | 5.65% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | BXP | DOC |
|---|---|---|
| 2022 | -38.6% | -27.5% |
| 2023 | +11.0% | -16.4% |
| 2024 | +12.3% | +8.8% |
| 2025 | -4.7% | -15.2% |
| 2026 | +6.2% | +37.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXP and DOC good diversifiers for each other?
Only partially. A correlation of 0.58 means BXP and DOC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BXP and DOC?
The BXP/DOC correlation stands at 0.58 on a 3-year window (1 year: 0.42, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is DOC a good diversifier for BXP?
Only partially. A correlation of 0.58 means BXP and DOC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 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-doc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bxp-vs-doc/)
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Related comparisons
Hubs: BXP correlations · DOC correlations
