BXP vs ICUI: Correlation
Measured on weekly returns over the past three years, BXP, Inc. (BXP) and ICU Medical, Inc. (ICUI) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXP and ICUI?
Over the past 3 years, BXP and ICUI moved with a correlation of 0.54, which is moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 701.0 %².
By 3-year correlation, ICUI places #25 of the 45 assets tracked against BXP. The last year tells two different stories: ICUI led by 35.4 percentage points, +2.9% for BXP against +38.3% for ICUI.
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 ICUI: side by side
| BXP (BXP, Inc.) | ICUI (ICU Medical, Inc.) | |
|---|---|---|
| 1-year return | +2.9% | +38.3% |
| 5-year return | -18.9% | -12.5% |
| Volatility (ann.) | 33.1% | 39.5% |
| Beta vs S&P 500 | 1.02 | 0.84 |
| Max drawdown (3Y) | -39.0% | -45.1% |
| Market cap | $12.7B | $4.4B |
| P/E (trailing) | 37.8 | 150.9 |
| Dividend yield | 3.98% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | BXP | ICUI |
|---|---|---|
| 2022 | -38.6% | -33.6% |
| 2023 | +11.0% | -36.7% |
| 2024 | +12.3% | +55.6% |
| 2025 | -4.7% | -8.1% |
| 2026 | +6.2% | +22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXP and ICUI good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BXP and ICUI?
The BXP/ICUI correlation stands at 0.54 on a 3-year window (1 year: 0.55, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is ICUI a good diversifier for BXP?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 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/bxp-vs-icui.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bxp-vs-icui/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BXP correlations · ICUI correlations
