JBGS vs. BXP

Last updated Apr 1, 2026

Compare and contrast key facts about JBG SMITH Properties (JBGS) and Boston Properties, Inc. (BXP).

Performance

JBGS vs. BXP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JBG SMITH Properties (JBGS) and Boston Properties, Inc. (BXP). The values are adjusted to include any dividend payments, if applicable.

JBGS vs. BXP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JBGS JBG SMITH Properties	-14.11%	15.18%	-4.51%	-6.13%	-31.04%	-5.42%	-19.22%	17.23%	3.03%	-5.47%
BXP Boston Properties, Inc.	-22.04%	-4.75%	12.28%	10.98%	-38.57%	26.21%	-28.33%	26.09%	-10.86%	10.50%

Fundamentals

Market Cap JBGS : $867.05M BXP : $8.26B
EPS JBGS : -$2.22 BXP : $1.75
PS Ratio JBGS : 1.84 BXP : 2.37
PB Ratio JBGS : 0.75 BXP : 1.60
Total Revenue (TTM) JBGS : $498.60M BXP : $3.48B
Gross Profit (TTM) JBGS : $308.02M BXP : $2.11B
EBITDA (TTM) JBGS : $101.03M BXP : $1.75B

Returns By Period

In the year-to-date period, JBGS achieves a -14.11% return, which is significantly higher than BXP's -22.04% return.

JBGS

• 1D: -0.68%
• 1M: -3.94%
• YTD: -14.11%
• 6M: -33.03%
• 1Y: -5.62%
• 3Y*: 3.77%
• 5Y*: -11.04%
• 10Y*: —

BXP

• 1D: 1.53%
• 1M: -8.63%
• YTD: -22.04%
• 6M: -28.51%
• 1Y: -19.00%
• 3Y*: 4.29%
• 5Y*: -8.41%
• 10Y*: -4.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

JBGS vs. BXP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JBGS

JBGS Risk / Return Rank: 33
JBGS Sharpe Ratio Rank: 32
JBGS Sortino Ratio Rank: 29
JBGS Omega Ratio Rank: 29
JBGS Calmar Ratio Rank: 38
JBGS Martin Ratio Rank: 38

BXP

BXP Risk / Return Rank: 17
BXP Sharpe Ratio Rank: 15
BXP Sortino Ratio Rank: 16
BXP Omega Ratio Rank: 17
BXP Calmar Ratio Rank: 24
BXP Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JBGS vs. BXP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JBG SMITH Properties (JBGS) and Boston Properties, Inc. (BXP). 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.

	JBGS	BXP	Difference
Sharpe ratio Return per unit of total volatility	-0.18	-0.61	+0.43
Sortino ratio Return per unit of downside risk	-0.05	-0.68	+0.64
Omega ratio Gain probability vs. loss probability	0.99	0.92	+0.08
Calmar ratio Return relative to maximum drawdown	-0.11	-0.55	+0.44
Martin ratio Return relative to average drawdown	-0.22	-1.39	+1.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JBGS vs. BXP - Sharpe Ratio Comparison

The current JBGS Sharpe Ratio is -0.18, which is higher than the BXP Sharpe Ratio of -0.61. The chart below compares the historical Sharpe Ratios of JBGS and BXP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JBGS	BXP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.18	-0.61	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	-0.26	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.22	0.23	-0.45

Correlation

The correlation between JBGS and BXP is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

JBGS vs. BXP - Dividend Comparison

JBGS's dividend yield for the trailing twelve months is around 4.79%, less than BXP's 5.93% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JBGS JBG SMITH Properties	4.79%	4.12%	5.69%	3.97%	4.74%	3.13%	2.88%	2.26%	2.87%	1.30%	0.00%	0.00%
BXP Boston Properties, Inc.	5.93%	4.98%	5.27%	5.59%	5.80%	3.40%	4.15%	2.78%	3.11%	2.35%	2.15%	3.02%

Drawdowns

JBGS vs. BXP - Drawdown Comparison

The maximum JBGS drawdown since its inception was -65.38%, smaller than the maximum BXP drawdown of -72.80%. Use the drawdown chart below to compare losses from any high point for JBGS and BXP.

Drawdown Indicators

	JBGS	BXP	Difference
Max Drawdown Largest peak-to-trough decline	-65.38%	-72.80%	+7.42%
Max Drawdown (1Y) Largest decline over 1 year	-40.23%	-33.56%	-6.67%
Max Drawdown (5Y) Largest decline over 5 years	-59.70%	-62.57%	+2.87%
Max Drawdown (10Y) Largest decline over 10 years	—	-63.59%	—
Current Drawdown Current decline from peak	-55.88%	-51.94%	-3.94%
Average Drawdown Average peak-to-trough decline	-31.77%	-16.54%	-15.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.23%	13.21%	+7.02%

Volatility

JBGS vs. BXP - Volatility Comparison

The current volatility for JBG SMITH Properties (JBGS) is 8.04%, while Boston Properties, Inc. (BXP) has a volatility of 8.80%. This indicates that JBGS experiences smaller price fluctuations and is considered to be less risky than BXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JBGS	BXP	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.04%	8.80%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	18.83%	20.04%	-1.21%
Volatility (1Y) Calculated over the trailing 1-year period	31.28%	31.20%	+0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.98%	32.81%	-1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.26%	31.94%	-0.68%

Financials

JBGS vs. BXP - Profitability Comparison

The chart below illustrates the profitability comparison between JBG SMITH Properties and Boston Properties, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

JBGS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, JBG SMITH Properties reported a gross profit of 122.66M and revenue of 127.56M. Therefore, the gross margin over that period was 96.2%.

BXP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Boston Properties, Inc. reported a gross profit of 528.24M and revenue of 877.10M. Therefore, the gross margin over that period was 60.2%.

JBGS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, JBG SMITH Properties reported an operating income of 0.00 and revenue of 127.56M, resulting in an operating margin of 0.0%.

BXP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Boston Properties, Inc. reported an operating income of 490.44M and revenue of 877.10M, resulting in an operating margin of 55.9%.

JBGS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, JBG SMITH Properties reported a net income of -45.55M and revenue of 127.56M, resulting in a net margin of -35.7%.

BXP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Boston Properties, Inc. reported a net income of 248.49M and revenue of 877.10M, resulting in a net margin of 28.3%.