BXP vs SLG: Correlation
How closely do BXP, Inc. (BXP) and SL Green Realty Corp (SLG) trade together? Their weekly returns over three years give a correlation of 0.80, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXP and SLG?
Over the past 3 years, BXP and SLG moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.61) runs below the 3-year figure (0.80). Over 5 years the correlation is 0.83, and the annualized covariance of weekly returns is 1094.3 %².
Within BXP's tracked universe of 45 assets, SLG comes in at #8 by 3-year correlation. Their 12-month results are close: +2.9% for BXP against +6.7% for SLG.
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 SLG: side by side
| BXP (BXP, Inc.) | SLG (SL Green Realty Corp) | |
|---|---|---|
| 1-year return | +2.9% | +6.7% |
| 5-year return | -18.9% | +15.1% |
| Volatility (ann.) | 33.1% | 41.1% |
| Beta vs S&P 500 | 1.02 | 1.33 |
| Max drawdown (3Y) | -39.0% | -53.9% |
| Market cap | $12.7B | $4.4B |
| P/E (trailing) | 37.8 | – |
| Dividend yield | 3.98% | 5.65% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | BXP | SLG |
|---|---|---|
| 2022 | -38.6% | -50.9% |
| 2023 | +11.0% | +48.8% |
| 2024 | +12.3% | +58.3% |
| 2025 | -4.7% | -29.0% |
| 2026 | +6.2% | +29.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXP and SLG good diversifiers for each other?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BXP and SLG?
As of 2026-08-27, the correlation of weekly returns between BXP and SLG is 0.80 over 3 years, 0.61 over 1 year and 0.83 over 5 years.
Is SLG a good diversifier for BXP?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.80 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-slg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bxp-vs-slg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BXP correlations · SLG correlations
