BXP vs KRC: Correlation
How closely do BXP, Inc. (BXP) and Kilroy Realty Corporation (KRC) trade together? Their weekly returns over three years give a correlation of 0.83, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXP and KRC?
Across a 3-year window, the weekly returns of BXP and KRC correlate at 0.83, very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.72) than the 3-year average (0.83). Stretching to 5 years gives 0.86, with an annualized covariance of 982.0 %².
Few assets follow BXP as closely as KRC, which ranks #2 of 45 tracked partners. On 12-month performance BXP holds a 8.2-point edge, +2.9% against -5.3%.
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 KRC: side by side
| BXP (BXP, Inc.) | KRC (Kilroy Realty Corporation) | |
|---|---|---|
| 1-year return | +2.9% | -5.3% |
| 5-year return | -18.9% | -26.0% |
| Volatility (ann.) | 33.1% | 35.5% |
| Beta vs S&P 500 | 1.02 | 1.02 |
| Max drawdown (3Y) | -39.0% | -35.3% |
| Market cap | $12.7B | $4.3B |
| P/E (trailing) | 37.8 | 25.8 |
| Dividend yield | 3.98% | 5.86% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | BXP | KRC |
|---|---|---|
| 2022 | -38.6% | -39.2% |
| 2023 | +11.0% | +10.1% |
| 2024 | +12.3% | +7.8% |
| 2025 | -4.7% | -2.0% |
| 2026 | +6.2% | +1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXP and KRC good diversifiers for each other?
No. With a correlation of 0.83, BXP and KRC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BXP and KRC?
The BXP/KRC correlation stands at 0.83 on a 3-year window (1 year: 0.72, 5 years: 0.86), computed from weekly returns as of 2026-08-27.
Is KRC a good diversifier for BXP?
No. With a correlation of 0.83, BXP and KRC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.83 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-krc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bxp-vs-krc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BXP correlations · KRC correlations
