BXP vs UE: Correlation
BXP, Inc. (BXP) and Urban Edge Properties (UE) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXP and UE?
Across a 3-year window, the weekly returns of BXP and UE correlate at 0.71, strong. Lately the two have drifted apart, with the 1-year correlation at 0.60 versus 0.71 over 3 years. Stretching to 5 years gives 0.72, with an annualized covariance of 546.8 %².
Among the 45 assets we track against BXP, UE ranks #15 by 3-year correlation. Their 12-month results are close: +2.9% for BXP against +6.9% for UE.
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 UE: side by side
| BXP (BXP, Inc.) | UE (Urban Edge Properties) | |
|---|---|---|
| 1-year return | +2.9% | +6.9% |
| 5-year return | -18.9% | +37.5% |
| Volatility (ann.) | 33.1% | 23.3% |
| Beta vs S&P 500 | 1.02 | 0.70 |
| Max drawdown (3Y) | -39.0% | -29.7% |
| Market cap | $12.7B | $2.9B |
| P/E (trailing) | 37.8 | 40.2 |
| Dividend yield | 3.98% | 3.73% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | BXP | UE |
|---|---|---|
| 2022 | -38.6% | -22.8% |
| 2023 | +11.0% | +35.3% |
| 2024 | +12.3% | +21.7% |
| 2025 | -4.7% | -7.2% |
| 2026 | +6.2% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXP and UE good diversifiers for each other?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BXP and UE?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.60 over the last year and 0.72 over 5 years.
Is UE a good diversifier for BXP?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bxp-vs-ue.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bxp-vs-ue/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BXP correlations · UE correlations
