BXP vs PDEX: Correlation
BXP, Inc. (BXP) and Pro-Dex, Inc. (PDEX) show a negative relationship: their 3-year correlation of weekly returns is -0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXP and PDEX?
Over the past 3 years, BXP and PDEX moved with a correlation of -0.13, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -251.4 %².
Within BXP's tracked universe of 45 assets, PDEX comes in at #39 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PDEX outperformed by 39.6 percentage points (+2.9% for BXP against +42.5% for PDEX). Risk is not evenly split, since PDEX carries 1.8 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 PDEX: side by side
| BXP (BXP, Inc.) | PDEX (Pro-Dex, Inc.) | |
|---|---|---|
| 1-year return | +2.9% | +42.5% |
| 5-year return | -18.9% | +152.4% |
| Volatility (ann.) | 33.1% | 59.6% |
| Beta vs S&P 500 | 1.02 | 0.17 |
| Max drawdown (3Y) | -39.0% | -65.3% |
| Market cap | $12.7B | $0.2B |
| P/E (trailing) | 37.8 | 17.5 |
| Dividend yield | 3.98% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | BXP | PDEX |
|---|---|---|
| 2022 | -38.6% | -31.5% |
| 2023 | +11.0% | +10.2% |
| 2024 | +12.3% | +166.8% |
| 2025 | -4.7% | -17.7% |
| 2026 | +6.2% | +68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXP and PDEX good diversifiers for each other?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between BXP and PDEX?
As of 2026-08-27, the correlation of weekly returns between BXP and PDEX is -0.13 over 3 years, -0.21 over 1 year and -0.06 over 5 years.
Is PDEX a good diversifier for BXP?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
What does a correlation of -0.13 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-pdex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bxp-vs-pdex/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BXP correlations · PDEX correlations
