BFS vs OLP: Correlation
How closely do Saul Centers, Inc. (BFS) and One Liberty Properties, Inc. (OLP) trade together? Their weekly returns over three years give a correlation of 0.79, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFS and OLP?
Across a 3-year window, the weekly returns of BFS and OLP correlate at 0.79, strong. Little has changed lately, as the 1-year reading of 0.78 lands near the 3-year figure. Stretching to 5 years gives 0.72, with an annualized covariance of 353.4 %².
In BFS's tracked universe of 17 assets, OLP sits right near the top at #1. On 12-month performance OLP holds a 7.3-point edge, +5.7% 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.
BFS vs OLP: side by side
| BFS (Saul Centers, Inc.) | OLP (One Liberty Properties, Inc.) | |
|---|---|---|
| 1-year return | +5.7% | +13.0% |
| 5-year return | -2.0% | +11.9% |
| Volatility (ann.) | 20.9% | 21.5% |
| Beta vs S&P 500 | 0.41 | 0.49 |
| Max drawdown (3Y) | -24.1% | -28.8% |
| Market cap | $1.2B | $0.5B |
| P/E (trailing) | 34.8 | 15.3 |
| Dividend yield | 7.01% | 7.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BFS | OLP |
|---|---|---|
| 2022 | -19.4% | -32.3% |
| 2023 | +2.6% | +7.6% |
| 2024 | +5.0% | +33.5% |
| 2025 | -12.8% | -19.6% |
| 2026 | +11.8% | +23.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFS and OLP good diversifiers for each other?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BFS and OLP?
Using weekly returns as of 2026-08-27: 0.79 over 3 years, with 0.78 over the last year and 0.72 over 5 years.
Is OLP a good diversifier for BFS?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.79 mean?
A reading of 0.79 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bfs-vs-olp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bfs-vs-olp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BFS correlations · OLP correlations
