BXP vs SPY
Comparison between Boston Properties Inc (BXP, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed BXP, delivering a return of +14.0% compared to -6.8%
BXP vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
BXP
$9.27B
Winner
SPY
$735B
Expense Ratio
BXP
N/A
SPY
0.09%
Max Drawdown
BXP
75.92%
Winner
SPY
56.47%
Sharpe Ratio
BXP
-0.22
Winner
SPY
1.88
5Y Beta
Winner
BXP
0.93
SPY
1.00
Industry
BXP
Reit - Office
SPY
N/A
P/E Ratio
BXP
29.20
Winner
SPY
28.46
Forward P/E
BXP
28.74
Winner
SPY
21.99
PEG Ratio
BXP
2.28
SPY
N/A
Dividend Yield
BXP
5.22%
SPY
N/A
5Y Dividends CAGR
BXP
0.70%
Winner
SPY
5.43%
5Y EPS CAGR
BXP
-8.02%
Winner
SPY
25.20%
Debt to Equity
Winner
BXP
0.00%
SPY
33.33%
Free Cash Flow Yield
BXP
12.86%
SPY
N/A
P/S Ratio
Winner
BXP
3.30
SPY
3.65
P/B Ratio
Winner
BXP
1.83
SPY
5.50
BXP vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
BXP
+7.14%
Winner
SPY
+7.73%
3M
BXP
-2.82%
Winner
SPY
+10.05%
6M
BXP
-14.53%
Winner
SPY
+11.98%
1Y
BXP
-6.48%
Winner
SPY
+28.79%
5Y(CAGR)
BXP
-6.80%
Winner
SPY
+13.98%
10Y(CAGR)
BXP
-3.77%
Winner
SPY
+15.71%
Max(CAGR)
BXP
+7.42%
Winner
SPY
+8.55%
BXP vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | BXP | SPY |
|---|---|---|
| 2026 | -11.89% | +9.82% |
| 2025 | -3.88% | +18.00% |
| 2024 | +9.12% | +25.59% |
| 2023 | +12.42% | +26.72% |
| 2022 | -41.02% | -18.64% |
| 2021 | +31.37% | +30.52% |
| 2020 | -27.15% | +17.28% |
| 2019 | +30.01% | +31.09% |
| 2018 | -10.37% | -5.24% |
| 2017 | +4.73% | +20.78% |
| 2016 | +3.41% | +13.59% |
| 2015 | +0.13% | +1.31% |
| 2014 | +35.51% | +14.56% |
| 2013 | -1.34% | +29.00% |
| 2012 | +6.72% | +14.17% |
| 2011 | +14.07% | +0.85% |
| 2010 | +31.54% | +13.14% |
| 2009 | +27.22% | +22.67% |
| 2008 | -38.58% | -36.25% |
| 2007 | -10.53% | +5.32% |
| 2006 | +60.04% | +13.85% |
| 2005 | +25.51% | +5.32% |
| 2004 | +40.43% | +10.75% |
| 2003 | +38.73% | +24.18% |
| 2002 | +2.56% | -22.42% |
| 2001 | -6.96% | -10.13% |
| 2000 | +49.36% | -8.84% |
| 1999 | +5.50% | +8.61% |
BXP vs SPY Drawdown Comparison
The maximum drawdown for BXP was -72.75%, occurring on Mar 5, 2009. Recovery took 1086 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current BXP drawdown is -45.59%.
| Rank | BXP | SPY |
|---|---|---|
| #1 | -72.75% Feb 7, 2007 - May 31, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -63.62% Feb 18, 2020 - Mar 23, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -24.19% Mar 23, 2015 - Jul 25, 2016 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -24.18% Jul 21, 2011 - Jul 3, 2012 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -20.76% Apr 1, 2004 - Aug 20, 2004 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -20.20% Aug 15, 2016 - Feb 22, 2019 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -19.87% Dec 28, 2000 - Apr 14, 2003 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -14.45% Mar 29, 2006 - Jul 28, 2006 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -13.71% May 21, 2013 - Feb 12, 2014 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -13.39% Sep 14, 2012 - May 21, 2013 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -11.97% Dec 31, 2004 - Apr 27, 2005 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -10.69% Aug 2, 2005 - Nov 14, 2005 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -10.22% Nov 3, 1999 - Dec 28, 1999 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.10% Sep 28, 2000 - Dec 13, 2000 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -8.80% Jun 20, 2019 - Oct 30, 2019 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between BXP and SPY is 0.51 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.51
-101
Dividend Comparison (1999 - 2026)
BXP vs SPY dividend yield comparison.
| Year | BXP | SPY |
|---|---|---|
| 2026 | 1.19% | 0.24% |
| 2025 | 4.98% | 1.07% |
| 2024 | 5.27% | 1.21% |
| 2023 | 5.59% | 1.40% |
| 2022 | 5.80% | 1.65% |
| 2021 | 3.40% | 1.20% |
| 2020 | 4.15% | 1.52% |
| 2019 | 2.78% | 1.75% |
| 2018 | 3.11% | 2.04% |
| 2017 | 2.35% | 1.80% |
| 2016 | 2.15% | 2.03% |
| 2015 | 3.02% | 2.06% |
| 2014 | 5.52% | 1.87% |
| 2013 | 4.83% | 1.81% |
| 2012 | 2.17% | 2.18% |
| 2011 | 2.06% | 2.05% |
| 2010 | 2.32% | 1.80% |
| 2009 | 3.25% | 1.95% |
| 2008 | 4.95% | 3.02% |
| 2007 | 9.48% | 1.85% |
| 2006 | 7.26% | 1.73% |
| 2005 | 7.00% | 1.73% |
| 2004 | 3.99% | 1.82% |
| 2003 | 5.19% | 1.47% |
| 2002 | 6.54% | 1.70% |
| 2001 | 5.97% | 1.25% |
| 2000 | 4.69% | 1.15% |
| 1999 | 1.45% | 0.24% |
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