ABLV vs ONL: Correlation
How closely do Able View Global Inc. - Class B (ABLV) and Orion Properties Inc. (ONL) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABLV and ONL?
Across a 3-year window, the weekly returns of ABLV and ONL correlate at -0.29, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.29). Stretching to 5 years gives -0.24, with an annualized covariance of -1968.9 %².
ONL is close to the least connected end of ABLV's tracked universe, ranking #9 of 10. Correlation aside, the last 12 months split them widely, with ABLV ahead by 17.8 points (+21.2% versus +3.4%). Risk is not evenly split, since ABLV carries 2.6 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ABLV vs ONL: side by side
| ABLV (Able View Global Inc. - Class B) | ONL (Orion Properties Inc.) | |
|---|---|---|
| 1-year return | +21.2% | +3.4% |
| 5-year return | n/a | -79.8% |
| Volatility (ann.) | 132.4% | 51.4% |
| Beta vs S&P 500 | 0.43 | 1.30 |
| Max drawdown (3Y) | -88.1% | -71.5% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABLV | ONL |
|---|---|---|
| 2022 | – | -52.4% |
| 2023 | -73.5% | -28.4% |
| 2024 | -72.3% | -27.4% |
| 2025 | -9.6% | -36.9% |
| 2026 | +52.4% | +30.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABLV and ONL good diversifiers for each other?
Yes. With a correlation of -0.29, ABLV and ONL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABLV and ONL?
The ABLV/ONL correlation stands at -0.29 on a 3-year window (1 year: -0.04, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is ONL a good diversifier for ABLV?
Yes. With a correlation of -0.29, ABLV and ONL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ablv-vs-onl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ablv-vs-onl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABLV correlations · ONL correlations
