HIW vs. CDP
HIW (Highwoods Properties, Inc.) and CDP (COPT Defense Properties) are both stocks. Both operate in the REIT - Office industry within the Real Estate sector. Over the past 10 years, HIW returned 0.16%/yr vs 5.98%/yr for CDP. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
HIW vs. CDP - Performance Comparison
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Returns By Period
In the year-to-date period, HIW achieves a 11.44% return, which is significantly lower than CDP's 16.64% return. Over the past 10 years, HIW has underperformed CDP with an annualized return of 0.16%, while CDP has yielded a comparatively higher 5.98% annualized return.
HIW
- 1D
- 2.37%
- 1M
- 12.16%
- YTD
- 11.44%
- 6M
- 8.38%
- 1Y
- -1.50%
- 3Y*
- 18.60%
- 5Y*
- -3.60%
- 10Y*
- 0.16%
CDP
- 1D
- 2.49%
- 1M
- 3.62%
- YTD
- 16.64%
- 6M
- 10.93%
- 1Y
- 21.88%
- 3Y*
- 17.00%
- 5Y*
- 7.30%
- 10Y*
- 5.98%
HIW vs. CDP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIW Highwoods Properties, Inc. | 11.44% | -9.61% | 43.11% | -10.14% | -33.58% | 17.63% | -14.76% | 31.82% | -20.84% | 3.36% |
CDP COPT Defense Properties | 16.64% | -6.17% | 26.17% | 3.65% | -3.26% | 11.61% | -7.07% | 45.28% | -24.78% | -3.24% |
Correlation
The correlation between HIW and CDP is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
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 9, 1994 | 0.55 |
The correlation between HIW and CDP shifts across timeframes, from 0.46 (1 year) to 0.69 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
HIW:
$3.09B
CDP:
$15.15M
HIW:
$0.55
CDP:
$1.83
HIW:
50.30
CDP:
17.49
HIW:
5.04
CDP:
3.52
HIW:
1.31
CDP:
0.01
HIW:
$605.73M
CDP:
$776.70M
HIW:
$409.39M
CDP:
$326.28M
HIW:
$478.95M
CDP:
$368.96M
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Return for Risk
HIW vs. CDP — Risk / Return Rank
HIW
CDP
HIW vs. CDP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Highwoods Properties, Inc. (HIW) and COPT Defense Properties (CDP). 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.
| HIW | CDP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.22 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 2.05 | -2.10 |
| Martin ratioReturn relative to average drawdown | -0.09 | 5.47 | -5.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HIW | CDP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 1.25 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.32 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 0.23 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.25 | -0.02 |
Drawdowns
HIW vs. CDP - Drawdown Comparison
The maximum HIW drawdown since its inception was -63.47%, which is greater than CDP's maximum drawdown of -59.36%. Use the drawdown chart below to compare losses from any high point for HIW and CDP.
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Drawdown Indicators
| HIW | CDP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.47% | -59.36% | -4.11% |
Max Drawdown (1Y)Largest decline over 1 year | -34.03% | -10.71% | -23.32% |
Max Drawdown (3Y)Largest decline over 3 years | -37.09% | -23.66% | -13.43% |
Max Drawdown (5Y)Largest decline over 5 years | -58.40% | -23.66% | -34.74% |
Max Drawdown (10Y)Largest decline over 10 years | -58.93% | -48.67% | -10.26% |
Current DrawdownCurrent decline from peak | -20.38% | -1.65% | -18.73% |
Average DrawdownAverage peak-to-trough decline | -14.58% | -19.88% | +5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.89% | 4.01% | +12.88% |
Volatility
HIW vs. CDP - Volatility Comparison
Highwoods Properties, Inc. (HIW) has a higher volatility of 6.99% compared to COPT Defense Properties (CDP) at 4.65%. This indicates that HIW's price experiences larger fluctuations and is considered to be riskier than CDP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIW | CDP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 4.65% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 22.75% | 13.27% | +9.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.53% | 17.53% | +9.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.21% | 23.13% | +7.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.50% | 26.27% | +4.23% |
Dividends
HIW vs. CDP - Dividend Comparison
HIW's dividend yield for the trailing twelve months is around 7.25%, more than CDP's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDP COPT Defense Properties | 3.85% | 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. | 7.25% | 7.75% | 6.54% | 8.71% | 7.15% | 4.40% | 4.84% | 3.88% | 4.78% | 3.46% | 4.90% | 3.90% |
Financials
HIW vs. CDP - Financials Comparison
This section allows you to compare key financial metrics between Highwoods Properties, Inc. and COPT Defense Properties. 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
HIW and CDP have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIW has higher volatility (6.99%) compared to CDP (4.65%). In terms of maximum drawdown, HIW dropped -63.47% vs CDP's -59.36%.
CDP currently has the higher Sharpe Ratio (1.25 vs -0.06), 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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