BUSE vs ONL: Correlation
First Busey Corporation (BUSE) and Orion Properties Inc. (ONL) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUSE and ONL?
Across a 3-year window, the weekly returns of BUSE and ONL correlate at 0.57, moderate. The link has loosened recently: the 1-year correlation (0.36) runs below the 3-year figure (0.57). Stretching to 5 years gives 0.54, with an annualized covariance of 779.6 %².
By 3-year correlation, ONL places #30 of the 38 assets tracked against BUSE. Correlation aside, the last 12 months split them widely, with BUSE ahead by 24.1 points (+27.5% versus +3.4%). One caveat on sizing: ONL is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BUSE vs ONL: side by side
| BUSE (First Busey Corporation) | ONL (Orion Properties Inc.) | |
|---|---|---|
| 1-year return | +27.5% | +3.4% |
| 5-year return | +56.7% | -79.8% |
| Volatility (ann.) | 26.7% | 51.4% |
| Beta vs S&P 500 | 0.79 | 1.30 |
| Max drawdown (3Y) | -31.0% | -71.5% |
| Market cap | $2.5B | $0.2B |
| P/E (trailing) | 12.3 | – |
| Dividend yield | 3.39% | 2.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUSE | ONL |
|---|---|---|
| 2022 | -5.5% | -52.4% |
| 2023 | +5.1% | -28.4% |
| 2024 | -1.2% | -27.4% |
| 2025 | +5.5% | -36.9% |
| 2026 | +30.7% | +30.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUSE and ONL good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BUSE and ONL?
The BUSE/ONL correlation stands at 0.57 on a 3-year window (1 year: 0.36, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is ONL a good diversifier for BUSE?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/buse-vs-onl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/buse-vs-onl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BUSE correlations · ONL correlations
