CULP vs ONL: Correlation
Measured on weekly returns over the past three years, Culp, Inc. (CULP) and Orion Properties Inc. (ONL) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CULP and ONL?
Over the past 3 years, CULP and ONL moved with a correlation of 0.35, which is moderate. The relationship has been stable: the 1-year correlation (0.25) sits close to the 3-year figure. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 710.2 %².
Within CULP's tracked universe of 11 assets, ONL comes in at #5 by 3-year correlation. The last year tells two different stories: ONL led by 21.3 percentage points, -17.9% for CULP against +3.4% for ONL.
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.
CULP vs ONL: side by side
| CULP (Culp, Inc.) | ONL (Orion Properties Inc.) | |
|---|---|---|
| 1-year return | -17.9% | +3.4% |
| 5-year return | -73.3% | -79.8% |
| Volatility (ann.) | 39.5% | 51.4% |
| Beta vs S&P 500 | 0.60 | 1.30 |
| Max drawdown (3Y) | -58.6% | -71.5% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CULP | ONL |
|---|---|---|
| 2022 | -50.4% | -52.4% |
| 2023 | +26.1% | -28.4% |
| 2024 | +1.4% | -27.4% |
| 2025 | -39.4% | -36.9% |
| 2026 | -3.8% | +30.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CULP and ONL good diversifiers for each other?
Reasonably. At 0.35, CULP and ONL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CULP and ONL?
As of 2026-08-27, the correlation of weekly returns between CULP and ONL is 0.35 over 3 years, 0.25 over 1 year and 0.29 over 5 years.
Is ONL a good diversifier for CULP?
Reasonably. At 0.35, CULP and ONL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/culp-vs-onl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/culp-vs-onl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CULP correlations · ONL correlations
