SLG vs. BDN
SLG (SL Green Realty Corp.) and BDN (Brandywine Realty Trust) are both stocks. Both operate in the REIT - Office industry within the Real Estate sector. Over the past 10 years, SLG returned -2.74%/yr vs -8.45%/yr for BDN. Their 0.64 correlation means they have sometimes moved together and sometimes differently.
Performance
SLG vs. BDN - Performance Comparison
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Returns By Period
In the year-to-date period, SLG achieves a 18.80% return, which is significantly higher than BDN's 13.10% return. Over the past 10 years, SLG has outperformed BDN with an annualized return of -2.74%, while BDN has yielded a comparatively lower -8.45% annualized return.
SLG
- 1D
- -1.27%
- 1M
- -0.92%
- 6M
- 21.69%
- YTD
- 18.80%
- 1Y
- -0.37%
- 3Y*
- 19.45%
- 5Y*
- -0.86%
- 10Y*
- -2.74%
- ALL TIME*
- 6.92%
BDN
- 1D
- -0.33%
- 1M
- -3.77%
- 6M
- 13.60%
- YTD
- 13.10%
- 1Y
- -11.50%
- 3Y*
- -3.45%
- 5Y*
- -17.58%
- 10Y*
- -8.45%
- ALL TIME*
- 0.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.34M | $6.61M | $5.86M | |
| $66.86M | $56.34M | $55.63M |
SLG vs. BDN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLG SL Green Realty Corp. | 18.80% | -29.03% | 58.26% | 48.75% | -50.94% | 22.86% | -29.14% | 20.96% | -18.80% | -3.25% |
BDN Brandywine Realty Trust | 13.10% | -41.31% | 17.13% | 1.73% | -50.65% | 19.50% | -19.06% | 28.95% | -26.04% | 14.42% |
Correlation
The correlation between SLG and BDN is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 1997 | 0.64 |
The correlation between SLG and BDN shifts across timeframes, from 0.59 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SLG:
$3.76B
BDN:
$530.71M
SLG:
-$2.29
BDN:
-$0.82
SLG:
3.85
BDN:
1.06
SLG:
1.27
BDN:
0.77
SLG:
$1.04B
BDN:
$498.29M
SLG:
$530.86M
BDN:
$110.33M
SLG:
$492.41M
BDN:
$192.76M
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Return for Risk
SLG vs. BDN — Risk / Return Rank
SLG
BDN
SLG vs. BDN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SL Green Realty Corp. (SLG) and Brandywine Realty Trust (BDN). 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.
| SLG | BDN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.95 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | -0.36 | +0.30 |
| Martin ratioReturn relative to average drawdown | -0.11 | -0.60 | +0.50 |
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Drawdowns
SLG vs. BDN - Drawdown Comparison
The maximum SLG drawdown since its inception was -94.02%, roughly equal to the maximum BDN drawdown of -96.84%. Use the drawdown chart below to compare losses from any high point for SLG and BDN.
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Drawdown Indicators
| SLG | BDN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.02% | -96.84% | +2.82% |
Max Drawdown (1Y)Largest decline over 1 year | -45.40% | -43.44% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -53.91% | -56.26% | +2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -74.27% | -73.17% | -1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -77.70% | -73.17% | -4.53% |
Current DrawdownCurrent decline from peak | -31.98% | -66.29% | +34.31% |
Average DrawdownAverage peak-to-trough decline | -27.47% | -39.34% | +11.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.27% | 26.01% | +1.26% |
Volatility
SLG vs. BDN - Volatility Comparison
SL Green Realty Corp. (SLG) has a higher volatility of 11.09% compared to Brandywine Realty Trust (BDN) at 9.56%. This indicates that SLG's price experiences larger fluctuations and is considered to be riskier than BDN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLG | BDN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.09% | 9.56% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 29.37% | 25.62% | +3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.11% | 34.59% | +3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.68% | 38.26% | +5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.39% | 35.40% | +6.99% |
Dividends
SLG vs. BDN - Dividend Comparison
SLG's dividend yield for the trailing twelve months is around 4.28%, less than BDN's 10.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDN Brandywine Realty Trust | 10.53% | 18.15% | 10.71% | 13.33% | 12.36% | 5.66% | 6.38% | 4.83% | 5.59% | 3.52% | 3.76% | 4.39% |
SLG SL Green Realty Corp. | 4.28% | 6.18% | 4.43% | 7.15% | 10.94% | 5.09% | 7.81% | 3.74% | 4.16% | 3.11% | 2.73% | 2.23% |
Financials
SLG vs. BDN - Financials Comparison
This section allows you to compare key financial metrics between SL Green Realty Corp. and Brandywine Realty Trust. 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
SLG vs. BDN - Profitability Comparison
SLG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, SL Green Realty Corp. reported a gross profit of 221.57M and revenue of 264.00M. Therefore, the gross margin over that period was 83.9%.
BDN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Brandywine Realty Trust reported a gross profit of -19.09M and revenue of 128.92M. Therefore, the gross margin over that period was -14.8%.
SLG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, SL Green Realty Corp. reported an operating income of 198.79M and revenue of 264.00M, resulting in an operating margin of 75.3%.
BDN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Brandywine Realty Trust reported an operating income of 19.39M and revenue of 128.92M, resulting in an operating margin of 15.0%.
SLG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, SL Green Realty Corp. reported a net income of -26.50M and revenue of 264.00M, resulting in a net margin of -10.0%.
BDN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Brandywine Realty Trust reported a net income of -31.41M and revenue of 128.92M, resulting in a net margin of -24.4%.
Frequently Asked Questions
SLG and BDN have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLG has higher volatility (11.09%) compared to BDN (9.56%). In terms of maximum drawdown, SLG dropped -94.02% vs BDN's -96.84%.
SLG currently has the higher Sharpe Ratio (-0.08 vs -0.46), 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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