CTO vs OLP: Correlation
Measured on weekly returns over the past three years, CTO Realty Growth, Inc. (CTO) and One Liberty Properties, Inc. (OLP) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTO and OLP?
Across a 3-year window, the weekly returns of CTO and OLP correlate at 0.64, strong. The relationship has been stable: the 1-year correlation (0.68) sits close to the 3-year figure. Stretching to 5 years gives 0.61, with an annualized covariance of 248.8 %².
Within CTO's tracked universe of 12 assets, OLP comes in at #5 by 3-year correlation. The last year tells two different stories: CTO led by 22.8 percentage points, +35.8% for CTO 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.
CTO vs OLP: side by side
| CTO (CTO Realty Growth, Inc.) | OLP (One Liberty Properties, Inc.) | |
|---|---|---|
| 1-year return | +35.8% | +13.0% |
| 5-year return | +74.0% | +11.9% |
| Volatility (ann.) | 18.0% | 21.5% |
| Beta vs S&P 500 | 0.39 | 0.49 |
| Max drawdown (3Y) | -21.4% | -28.8% |
| Market cap | $0.8B | $0.5B |
| P/E (trailing) | 15.8 | 15.3 |
| Dividend yield | 7.00% | 7.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTO | OLP |
|---|---|---|
| 2022 | -4.0% | -32.3% |
| 2023 | +3.7% | +7.6% |
| 2024 | +23.6% | +33.5% |
| 2025 | +1.6% | -19.6% |
| 2026 | +21.0% | +23.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTO and OLP good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CTO and OLP?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.68 over the last year and 0.61 over 5 years.
Is OLP a good diversifier for CTO?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
A reading of 0.64 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/cto-vs-olp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cto-vs-olp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTO correlations · OLP correlations
