BXP vs JBGS: Correlation
Measured on weekly returns over the past three years, BXP, Inc. (BXP) and JBG SMITH Properties (JBGS) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXP and JBGS?
Across a 3-year window, the weekly returns of BXP and JBGS correlate at 0.65, strong. The past 12 months show a weaker link (0.52) than the 3-year average (0.65). Stretching to 5 years gives 0.69, with an annualized covariance of 727.7 %².
By 3-year correlation, JBGS places #18 of the 45 assets tracked against BXP. Correlation aside, the last 12 months split them widely, with BXP ahead by 43.3 points (+2.9% versus -40.4%).
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 JBGS: side by side
| BXP (BXP, Inc.) | JBGS (JBG SMITH Properties) | |
|---|---|---|
| 1-year return | +2.9% | -40.4% |
| 5-year return | -18.9% | -49.3% |
| Volatility (ann.) | 33.1% | 33.7% |
| Beta vs S&P 500 | 1.02 | 0.68 |
| Max drawdown (3Y) | -39.0% | -52.2% |
| Market cap | $12.7B | $0.9B |
| P/E (trailing) | 37.8 | – |
| Dividend yield | 3.98% | 5.67% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | BXP | JBGS |
|---|---|---|
| 2022 | -38.6% | -31.0% |
| 2023 | +11.0% | -6.1% |
| 2024 | +12.3% | -4.5% |
| 2025 | -4.7% | +15.2% |
| 2026 | +6.2% | -26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXP and JBGS good diversifiers for each other?
Only partially. A correlation of 0.65 means BXP and JBGS 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 JBGS?
The BXP/JBGS correlation stands at 0.65 on a 3-year window (1 year: 0.52, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is JBGS a good diversifier for BXP?
Only partially. A correlation of 0.65 means BXP and JBGS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
A reading of 0.65 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-jbgs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bxp-vs-jbgs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BXP correlations · JBGS correlations
