AHRT vs OLP: Correlation
How closely do AH Realty Trust, Inc. (AHRT) and One Liberty Properties, Inc. (OLP) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHRT and OLP?
Across a 3-year window, the weekly returns of AHRT and OLP correlate at 0.60, strong. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives 0.63, with an annualized covariance of 355.6 %².
OLP is one of the assets that tracks AHRT most closely: it ranks #3 out of the 13 assets we track against AHRT. Over the last 12 months OLP came out ahead by 12.5 percentage points (+0.5% against +13.0%).
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.
AHRT vs OLP: side by side
| AHRT (AH Realty Trust, Inc.) | OLP (One Liberty Properties, Inc.) | |
|---|---|---|
| 1-year return | +0.5% | +13.0% |
| 5-year return | -29.6% | +11.9% |
| Volatility (ann.) | 27.4% | 21.5% |
| Beta vs S&P 500 | 0.82 | 0.49 |
| Max drawdown (3Y) | -52.0% | -28.8% |
| Market cap | $0.6B | $0.5B |
| P/E (trailing) | – | 15.3 |
| Dividend yield | 8.35% | 7.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHRT | OLP |
|---|---|---|
| 2022 | -19.9% | -32.3% |
| 2023 | +15.0% | +7.6% |
| 2024 | -10.8% | +33.5% |
| 2025 | -30.0% | -19.6% |
| 2026 | +4.9% | +23.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHRT and OLP good diversifiers for each other?
Only partially. A correlation of 0.60 means AHRT and OLP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AHRT and OLP?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.50 over the last year and 0.63 over 5 years.
Is OLP a good diversifier for AHRT?
Only partially. A correlation of 0.60 means AHRT and OLP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ahrt-vs-olp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ahrt-vs-olp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AHRT correlations · OLP correlations
