WPC vs. BXP
WPC (W. P. Carey Inc.) and BXP (Boston Properties, Inc.) are both stocks. Both are in the Real Estate sector — WPC in REIT - Diversified, BXP in REIT - Office. Over the past 10 years, WPC returned 7.43%/yr vs -2.40%/yr for BXP. At a 0.42 correlation, their price movements are largely independent.
Performance
WPC vs. BXP - Performance Comparison
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Returns By Period
In the year-to-date period, WPC achieves a 19.87% return, which is significantly higher than BXP's 7.25% return. Over the past 10 years, WPC has outperformed BXP with an annualized return of 7.43%, while BXP has yielded a comparatively lower -2.40% annualized return.
WPC
- 1D
- 4.19%
- 1M
- -0.09%
- 6M
- 11.94%
- YTD
- 19.87%
- 1Y
- 28.40%
- 3Y*
- 10.34%
- 5Y*
- 5.67%
- 10Y*
- 7.43%
BXP
- 1D
- 2.48%
- 1M
- 8.62%
- 6M
- 7.84%
- YTD
- 7.25%
- 1Y
- 5.27%
- 3Y*
- 10.86%
- 5Y*
- -4.63%
- 10Y*
- -2.40%
WPC vs. BXP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WPC W. P. Carey Inc. | 19.87% | 24.99% | -10.59% | -7.93% | 0.47% | 22.88% | -5.99% | 28.84% | 1.08% | 25.68% |
BXP Boston Properties, Inc. | 7.25% | -4.75% | 12.28% | 10.98% | -38.57% | 26.21% | -28.33% | 26.09% | -10.86% | 5.91% |
Correlation
The correlation between WPC and BXP is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 1998 | 0.42 |
The correlation between WPC and BXP shifts across timeframes, from 0.29 (1 year) to 0.56 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
WPC:
$16.73B
BXP:
$11.27B
WPC:
$2.34
BXP:
$2.00
WPC:
32.16
BXP:
35.34
WPC:
17.19
BXP:
0.08
WPC:
10.85
BXP:
3.21
WPC:
2.00
BXP:
2.18
WPC:
$1.53B
BXP:
$3.49B
WPC:
$942.27M
BXP:
$2.10B
WPC:
$1.21B
BXP:
$1.88B
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Return for Risk
WPC vs. BXP — Risk / Return Rank
WPC
BXP
WPC vs. BXP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for W. P. Carey Inc. (WPC) 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.
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.
| WPC | BXP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.05 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 0.16 | +2.78 |
| Martin ratioReturn relative to average drawdown | 8.16 | 0.31 | +7.85 |
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Drawdowns
WPC vs. BXP - Drawdown Comparison
The maximum WPC drawdown since its inception was -52.45%, smaller than the maximum BXP drawdown of -72.80%. Use the drawdown chart below to compare losses from any high point for WPC and BXP.
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Drawdown Indicators
| WPC | BXP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.45% | -72.80% | +20.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.71% | -33.56% | +23.85% |
Max Drawdown (3Y)Largest decline over 3 years | -27.07% | -39.03% | +11.96% |
Max Drawdown (5Y)Largest decline over 5 years | -36.81% | -62.57% | +25.76% |
Max Drawdown (10Y)Largest decline over 10 years | -52.45% | -63.59% | +11.14% |
Current DrawdownCurrent decline from peak | -0.80% | -33.88% | +33.08% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -16.80% | +6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 17.01% | -13.52% |
Volatility
WPC vs. BXP - Volatility Comparison
W. P. Carey Inc. (WPC) and Boston Properties, Inc. (BXP) have volatilities of 8.03% and 8.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WPC | BXP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.03% | 8.37% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 13.68% | 21.42% | -7.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.32% | 28.37% | -11.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.86% | 33.01% | -12.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.89% | 32.14% | -6.25% |
Dividends
WPC vs. BXP - Dividend Comparison
WPC's dividend yield for the trailing twelve months is around 4.93%, more than BXP's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXP Boston Properties, Inc. | 3.96% | 4.98% | 5.27% | 5.59% | 5.80% | 3.40% | 4.15% | 2.78% | 3.11% | 2.35% | 2.15% | 3.02% |
WPC W. P. Carey Inc. | 4.93% | 5.62% | 6.41% | 7.93% | 5.43% | 5.12% | 5.91% | 5.17% | 6.26% | 7.26% | 6.65% | 6.48% |
Financials
WPC vs. BXP - Financials Comparison
This section allows you to compare key financial metrics between W. P. Carey Inc. and Boston 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
WPC and BXP have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BXP has higher volatility (8.37%) compared to WPC (8.03%). In terms of maximum drawdown, WPC dropped -52.45% vs BXP's -72.80%.
WPC currently has the higher Sharpe Ratio (1.65 vs 0.19), 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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