BXP vs KIM: Correlation
How closely do BXP, Inc. (BXP) and Kimco Realty (KIM) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXP and KIM?
On 3 years of weekly data the BXP/KIM correlation comes out at 0.70, strong. The past 12 months show a weaker link (0.51) than the 3-year average (0.70). The 5-year figure is 0.71, and annualized covariance runs at 529.0 %².
Among the 45 assets we track against BXP, KIM ranks #16 by 3-year correlation. On 12-month performance KIM holds a 8.5-point edge, +2.9% against +11.4%. The rolling one-year correlation moved between 0.52 and 0.89 over the past three years, a moderate range.
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 KIM: side by side
| BXP (BXP, Inc.) | KIM (Kimco Realty) | |
|---|---|---|
| 1-year return | +2.9% | +11.4% |
| 5-year return | -18.9% | +35.9% |
| Volatility (ann.) | 33.1% | 22.9% |
| Beta vs S&P 500 | 1.02 | 0.63 |
| Max drawdown (3Y) | -39.0% | -25.9% |
| Market cap | $12.7B | $16.0B |
| P/E (trailing) | 37.8 | 28.0 |
| Dividend yield | 3.98% | 4.29% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | BXP | KIM |
|---|---|---|
| 2022 | -38.6% | -10.8% |
| 2023 | +11.0% | +6.1% |
| 2024 | +12.3% | +15.0% |
| 2025 | -4.7% | -9.3% |
| 2026 | +6.2% | +20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXP and KIM good diversifiers for each other?
Only partially. A correlation of 0.70 means BXP and KIM 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 KIM?
As of 2026-08-27, the correlation of weekly returns between BXP and KIM is 0.70 over 3 years, 0.51 over 1 year and 0.71 over 5 years.
Is KIM a good diversifier for BXP?
Only partially. A correlation of 0.70 means BXP and KIM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
A reading of 0.70 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Hubs: BXP correlations · KIM correlations
