BRT vs OLP: Correlation
Measured on weekly returns over the past three years, BRT Apartments Corp. (MD) (BRT) and One Liberty Properties, Inc. (OLP) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRT and OLP?
On 3 years of weekly data the BRT/OLP correlation comes out at 0.71, strong. The link has loosened recently: the 1-year correlation (0.57) runs below the 3-year figure (0.71). The 5-year figure is 0.55, and annualized covariance runs at 367.2 %².
OLP is one of the assets that tracks BRT most closely: it ranks #1 out of the 14 assets we track against BRT. The last year tells two different stories: OLP led by 16.2 percentage points, -3.2% for BRT against +13.0% for OLP.
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.
BRT vs OLP: side by side
| BRT (BRT Apartments Corp. (MD)) | OLP (One Liberty Properties, Inc.) | |
|---|---|---|
| 1-year return | -3.2% | +13.0% |
| 5-year return | -1.1% | +11.9% |
| Volatility (ann.) | 24.0% | 21.5% |
| Beta vs S&P 500 | 0.68 | 0.49 |
| Max drawdown (3Y) | -27.6% | -28.8% |
| Market cap | $0.3B | $0.5B |
| P/E (trailing) | – | 15.3 |
| Dividend yield | 5.48% | 7.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRT | OLP |
|---|---|---|
| 2022 | -14.4% | -32.3% |
| 2023 | -0.0% | +7.6% |
| 2024 | +2.7% | +33.5% |
| 2025 | -13.3% | -19.6% |
| 2026 | +1.1% | +23.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRT and OLP good diversifiers for each other?
Only partially. A correlation of 0.71 means BRT 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 BRT and OLP?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.57 over the last year and 0.55 over 5 years.
Is OLP a good diversifier for BRT?
Only partially. A correlation of 0.71 means BRT 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 0.71 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/brt-vs-olp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brt-vs-olp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRT correlations · OLP correlations
