CMTG vs OLP: Correlation
How closely do Claros Mortgage Trust, Inc. (CMTG) and One Liberty Properties, Inc. (OLP) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMTG and OLP?
Across a 3-year window, the weekly returns of CMTG and OLP correlate at 0.47, moderate. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.47). Stretching to 5 years gives 0.41, with an annualized covariance of 632.3 %².
Within CMTG's tracked universe of 11 assets, OLP comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with OLP ahead by 65.7 points (-52.7% versus +13.0%). Risk is not evenly split, since CMTG carries 2.9 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.
CMTG vs OLP: side by side
| CMTG (Claros Mortgage Trust, Inc.) | OLP (One Liberty Properties, Inc.) | |
|---|---|---|
| 1-year return | -52.7% | +13.0% |
| 5-year return | -87.0% | +11.9% |
| Volatility (ann.) | 62.4% | 21.5% |
| Beta vs S&P 500 | 0.90 | 0.49 |
| Max drawdown (3Y) | -87.6% | -28.8% |
| Market cap | $0.2B | $0.5B |
| P/E (trailing) | – | 15.3 |
| Dividend yield | 0.00% | 7.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMTG | OLP |
|---|---|---|
| 2022 | -1.4% | -32.3% |
| 2023 | +2.8% | +7.6% |
| 2024 | -64.4% | +33.5% |
| 2025 | -32.3% | -19.6% |
| 2026 | -46.1% | +23.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMTG and OLP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CMTG and OLP?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.31 over the last year and 0.41 over 5 years.
Is OLP a good diversifier for CMTG?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 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/cmtg-vs-olp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmtg-vs-olp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMTG correlations · OLP correlations
