BXP vs PLD: Correlation
How closely do BXP, Inc. (BXP) and Prologis (PLD) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXP and PLD?
On 3 years of weekly data the BXP/PLD correlation comes out at 0.61, strong. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 523.6 %².
Within BXP's tracked universe of 45 assets, PLD comes in at #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PLD ahead by 27.1 points (+2.9% versus +30.0%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.46 and 0.71.
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 PLD: side by side
| BXP (BXP, Inc.) | PLD (Prologis) | |
|---|---|---|
| 1-year return | +2.9% | +30.0% |
| 5-year return | -18.9% | +22.5% |
| Volatility (ann.) | 33.1% | 25.8% |
| Beta vs S&P 500 | 1.02 | 0.90 |
| Max drawdown (3Y) | -39.0% | -31.4% |
| Market cap | $12.7B | $137.9B |
| P/E (trailing) | 37.8 | 31.7 |
| Dividend yield | 3.98% | 2.92% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | BXP | PLD |
|---|---|---|
| 2022 | -38.6% | -31.3% |
| 2023 | +11.0% | +21.6% |
| 2024 | +12.3% | -18.1% |
| 2025 | -4.7% | +25.1% |
| 2026 | +6.2% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXP and PLD good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BXP and PLD?
As of 2026-08-27, the correlation of weekly returns between BXP and PLD is 0.61 over 3 years, 0.55 over 1 year and 0.53 over 5 years.
Is PLD a good diversifier for BXP?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 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-pld.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bxp-vs-pld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BXP correlations · PLD correlations
