BXP vs. AVB
BXP (Boston Properties, Inc.) and AVB (AvalonBay Communities, Inc.) are both stocks. Both are in the Real Estate sector — BXP in REIT - Office, AVB in REIT - Residential. Over the past 10 years, BXP returned -2.76%/yr vs 3.51%/yr for AVB. Their 0.67 correlation means they have sometimes moved together and sometimes differently.
Performance
BXP vs. AVB - Performance Comparison
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Returns By Period
In the year-to-date period, BXP achieves a 6.45% return, which is significantly higher than AVB's 4.48% return. Over the past 10 years, BXP has underperformed AVB with an annualized return of -2.76%, while AVB has yielded a comparatively higher 3.51% annualized return.
BXP
- 1D
- -2.16%
- 1M
- 1.15%
- 6M
- 11.07%
- YTD
- 6.45%
- 1Y
- 13.34%
- 3Y*
- 8.37%
- 5Y*
- -4.97%
- 10Y*
- -2.76%
- ALL TIME*
- 8.39%
AVB
- 1D
- -1.16%
- 1M
- -4.31%
- 6M
- 6.62%
- YTD
- 4.48%
- 1Y
- 4.63%
- 3Y*
- 3.22%
- 5Y*
- -0.65%
- 10Y*
- 3.51%
- ALL TIME*
- 11.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $134.99M | $151.41M | $196.85M | |
| $130.46M | $103.89M | $97.23M |
BXP vs. AVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BXP Boston Properties, Inc. | 6.45% | -4.75% | 12.28% | 10.98% | -38.57% | 26.21% | -28.33% | 26.09% | -10.86% | 5.91% |
AVB AvalonBay Communities, Inc. | 4.48% | -14.60% | 21.44% | 20.34% | -33.92% | 62.17% | -20.27% | 24.10% | 1.00% | 3.89% |
Correlation
The correlation between BXP and AVB is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 1997 | 0.67 |
Over the past year, the correlation between BXP and AVB has dropped to 0.42 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
Fundamentals
BXP:
$11.18B
AVB:
$26.37B
BXP:
$1.87
AVB:
$7.24
BXP:
37.54
AVB:
25.63
BXP:
0.09
AVB:
14.74
BXP:
3.17
AVB:
8.56
BXP:
2.17
AVB:
2.19
BXP:
$3.52B
AVB:
$3.08B
BXP:
$1.65B
AVB:
$1.62B
BXP:
$1.86B
AVB:
$1.89B
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Return for Risk
BXP vs. AVB — Risk / Return Rank
BXP
AVB
BXP vs. AVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Boston Properties, Inc. (BXP) and AvalonBay Communities, Inc. (AVB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BXP | AVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.05 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 0.22 | +0.14 |
| Martin ratioReturn relative to average drawdown | 0.71 | 0.51 | +0.19 |
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Drawdowns
BXP vs. AVB - Drawdown Comparison
The maximum BXP drawdown since its inception was -72.80%, roughly equal to the maximum AVB drawdown of -70.04%. Use the drawdown chart below to compare losses from any high point for BXP and AVB.
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Drawdown Indicators
| BXP | AVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.80% | -70.04% | -2.76% |
Max Drawdown (1Y)Largest decline over 1 year | -33.56% | -16.77% | -16.79% |
Max Drawdown (3Y)Largest decline over 3 years | -39.03% | -29.40% | -9.63% |
Max Drawdown (5Y)Largest decline over 5 years | -62.57% | -38.36% | -24.21% |
Max Drawdown (10Y)Largest decline over 10 years | -63.59% | -46.91% | -16.68% |
Current DrawdownCurrent decline from peak | -34.38% | -16.83% | -17.55% |
Average DrawdownAverage peak-to-trough decline | -16.83% | -11.76% | -5.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.93% | 7.04% | +9.89% |
Volatility
BXP vs. AVB - Volatility Comparison
Boston Properties, Inc. (BXP) has a higher volatility of 8.53% compared to AvalonBay Communities, Inc. (AVB) at 6.71%. This indicates that BXP's price experiences larger fluctuations and is considered to be riskier than AVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXP | AVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.53% | 6.71% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 21.89% | 15.66% | +6.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.08% | 20.86% | +7.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.96% | 22.32% | +10.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.19% | 24.76% | +7.43% |
Dividends
BXP vs. AVB - Dividend Comparison
BXP's dividend yield for the trailing twelve months is around 3.99%, more than AVB's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVB AvalonBay Communities, Inc. | 3.80% | 3.86% | 3.09% | 3.53% | 3.94% | 2.52% | 3.96% | 2.90% | 3.38% | 3.18% | 3.05% | 2.72% |
BXP Boston Properties, Inc. | 3.99% | 4.98% | 5.27% | 5.59% | 5.80% | 3.40% | 4.15% | 2.78% | 3.11% | 2.35% | 2.15% | 3.02% |
Financials
BXP vs. AVB - Financials Comparison
This section allows you to compare key financial metrics between Boston Properties, Inc. and AvalonBay Communities, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BXP vs. AVB - Profitability Comparison
BXP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Boston Properties, Inc. reported a gross profit of 72.33M and revenue of 895.70M. Therefore, the gross margin over that period was 8.1%.
AVB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, AvalonBay Communities, Inc. reported a gross profit of 25.94M and revenue of 777.77M. Therefore, the gross margin over that period was 3.3%.
BXP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Boston Properties, Inc. reported an operating income of 258.85M and revenue of 895.70M, resulting in an operating margin of 28.9%.
AVB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, AvalonBay Communities, Inc. reported an operating income of 211.80M and revenue of 777.77M, resulting in an operating margin of 27.2%.
BXP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Boston Properties, Inc. reported a net income of 68.56M and revenue of 895.70M, resulting in a net margin of 7.7%.
AVB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, AvalonBay Communities, Inc. reported a net income of 155.72M and revenue of 777.77M, resulting in a net margin of 20.0%.
Frequently Asked Questions
BXP and AVB have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BXP has higher volatility (8.53%) compared to AVB (6.71%). In terms of maximum drawdown, BXP dropped -72.80% vs AVB's -70.04%.
BXP currently has the higher Sharpe Ratio (0.43 vs 0.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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