BXP vs KRG: Correlation
Measured on weekly returns over the past three years, BXP, Inc. (BXP) and Kite Realty Group Trust (KRG) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXP and KRG?
On 3 years of weekly data the BXP/KRG correlation comes out at 0.71, strong. The link has loosened recently: the 1-year correlation (0.55) runs below the 3-year figure (0.71). The 5-year figure is 0.70, and annualized covariance runs at 507.4 %².
Among the 45 assets we track against BXP, KRG ranks #14 by 3-year correlation. The last year tells two different stories: KRG led by 17.8 percentage points, +2.9% for BXP against +20.7% for KRG. Risk is not evenly split, since BXP carries 1.5 times the volatility of the other side.
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 KRG: side by side
| BXP (BXP, Inc.) | KRG (Kite Realty Group Trust) | |
|---|---|---|
| 1-year return | +2.9% | +20.7% |
| 5-year return | -18.9% | +61.5% |
| Volatility (ann.) | 33.1% | 21.6% |
| Beta vs S&P 500 | 1.02 | 0.58 |
| Max drawdown (3Y) | -39.0% | -29.1% |
| Market cap | $12.7B | $5.3B |
| P/E (trailing) | 37.8 | 16.5 |
| Dividend yield | 3.98% | 4.34% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | BXP | KRG |
|---|---|---|
| 2022 | -38.6% | +0.8% |
| 2023 | +11.0% | +13.6% |
| 2024 | +12.3% | +15.5% |
| 2025 | -4.7% | -0.2% |
| 2026 | +6.2% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXP and KRG good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BXP and KRG?
The BXP/KRG correlation stands at 0.71 on a 3-year window (1 year: 0.55, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is KRG a good diversifier for BXP?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 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
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Hubs: BXP correlations · KRG correlations
