CDP vs. HIW
CDP (COPT Defense Properties) and HIW (Highwoods Properties, Inc.) are both stocks. Both operate in the REIT - Office industry within the Real Estate sector. Over the past 10 years, CDP returned 6.08%/yr vs 0.44%/yr for HIW. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
CDP vs. HIW - Performance Comparison
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Returns By Period
In the year-to-date period, CDP achieves a 22.45% return, which is significantly higher than HIW's 18.63% return. Over the past 10 years, CDP has outperformed HIW with an annualized return of 6.08%, while HIW has yielded a comparatively lower 0.44% annualized return.
CDP
- 1D
- 0.51%
- 1M
- 4.86%
- YTD
- 22.45%
- 6M
- 21.82%
- 1Y
- 23.25%
- 3Y*
- 18.93%
- 5Y*
- 8.22%
- 10Y*
- 6.08%
HIW
- 1D
- 0.34%
- 1M
- 14.54%
- YTD
- 18.63%
- 6M
- 19.98%
- 1Y
- 0.50%
- 3Y*
- 20.35%
- 5Y*
- -1.84%
- 10Y*
- 0.44%
CDP vs. HIW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDP COPT Defense Properties | 22.45% | -6.17% | 26.17% | 3.65% | -3.26% | 11.61% | -7.07% | 45.28% | -24.78% | -3.24% |
HIW Highwoods Properties, Inc. | 18.63% | -9.61% | 43.11% | -10.14% | -33.58% | 17.63% | -14.76% | 31.82% | -20.84% | 3.36% |
Correlation
The correlation between CDP and HIW is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 1994 | 0.55 |
The correlation between CDP and HIW shifts across timeframes, from 0.47 (1 year) to 0.69 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CDP:
$15.90M
HIW:
$3.29B
CDP:
$1.83
HIW:
$0.55
CDP:
18.36
HIW:
53.55
CDP:
3.69
HIW:
5.37
CDP:
0.01
HIW:
1.39
CDP:
$776.70M
HIW:
$605.73M
CDP:
$326.28M
HIW:
$409.39M
CDP:
$368.96M
HIW:
$478.95M
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Return for Risk
CDP vs. HIW — Risk / Return Rank
CDP
HIW
CDP vs. HIW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for COPT Defense Properties (CDP) and Highwoods Properties, Inc. (HIW). 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.
| CDP | HIW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.03 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 0.01 | +2.17 |
| Martin ratioReturn relative to average drawdown | 5.78 | 0.03 | +5.75 |
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Drawdowns
CDP vs. HIW - Drawdown Comparison
The maximum CDP drawdown since its inception was -59.36%, smaller than the maximum HIW drawdown of -63.47%. Use the drawdown chart below to compare losses from any high point for CDP and HIW.
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Drawdown Indicators
| CDP | HIW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.36% | -63.47% | +4.11% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -34.03% | +23.32% |
Max Drawdown (3Y)Largest decline over 3 years | -23.66% | -37.09% | +13.43% |
Max Drawdown (5Y)Largest decline over 5 years | -23.66% | -58.22% | +34.56% |
Max Drawdown (10Y)Largest decline over 10 years | -48.67% | -58.93% | +10.26% |
Current DrawdownCurrent decline from peak | -2.46% | -15.24% | +12.78% |
Average DrawdownAverage peak-to-trough decline | -19.86% | -14.58% | -5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.03% | 16.91% | -12.88% |
Volatility
CDP vs. HIW - Volatility Comparison
The current volatility for COPT Defense Properties (CDP) is 6.58%, while Highwoods Properties, Inc. (HIW) has a volatility of 7.35%. This indicates that CDP experiences smaller price fluctuations and is considered to be less risky than HIW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDP | HIW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 7.35% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 13.90% | 23.31% | -9.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.07% | 27.21% | -9.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.09% | 30.28% | -7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.33% | 30.58% | -4.25% |
Dividends
CDP vs. HIW - Dividend Comparison
CDP's dividend yield for the trailing twelve months is around 3.67%, less than HIW's 6.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDP COPT Defense Properties | 3.67% | 4.39% | 3.81% | 4.45% | 4.24% | 3.93% | 4.22% | 3.74% | 5.23% | 3.77% | 3.52% | 5.04% |
HIW Highwoods Properties, Inc. | 6.81% | 7.75% | 6.54% | 8.71% | 7.15% | 4.40% | 4.84% | 3.88% | 4.78% | 3.46% | 4.90% | 3.90% |
Financials
CDP vs. HIW - Financials Comparison
This section allows you to compare key financial metrics between COPT Defense Properties and Highwoods Properties, 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
Frequently Asked Questions
CDP and HIW have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIW has higher volatility (7.35%) compared to CDP (6.58%). In terms of maximum drawdown, CDP dropped -59.36% vs HIW's -63.47%.
CDP currently has the higher Sharpe Ratio (1.29 vs 0.02), 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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