DEI vs OLP: Correlation
Measured on weekly returns over the past three years, Douglas Emmett, Inc. (DEI) and One Liberty Properties, Inc. (OLP) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEI and OLP?
Across a 3-year window, the weekly returns of DEI and OLP correlate at 0.70, strong. The past 12 months show a weaker link (0.59) than the 3-year average (0.70). Stretching to 5 years gives 0.63, with an annualized covariance of 539.2 %².
Among the 24 assets we track against DEI, OLP ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with OLP ahead by 34.1 points (-21.1% versus +13.0%). Note the risk asymmetry: DEI runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DEI vs OLP: side by side
| DEI (Douglas Emmett, Inc.) | OLP (One Liberty Properties, Inc.) | |
|---|---|---|
| 1-year return | -21.1% | +13.0% |
| 5-year return | -52.6% | +11.9% |
| Volatility (ann.) | 35.7% | 21.5% |
| Beta vs S&P 500 | 0.99 | 0.49 |
| Max drawdown (3Y) | -51.8% | -28.8% |
| Market cap | $2.4B | $0.5B |
| P/E (trailing) | – | 15.3 |
| Dividend yield | 6.35% | 7.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DEI | OLP |
|---|---|---|
| 2022 | -50.9% | -32.3% |
| 2023 | -1.9% | +7.6% |
| 2024 | +34.6% | +33.5% |
| 2025 | -37.5% | -19.6% |
| 2026 | +12.1% | +23.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEI and OLP good diversifiers for each other?
Only partially. A correlation of 0.70 means DEI 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 DEI and OLP?
As of 2026-08-27, the correlation of weekly returns between DEI and OLP is 0.70 over 3 years, 0.59 over 1 year and 0.63 over 5 years.
Is OLP a good diversifier for DEI?
Only partially. A correlation of 0.70 means DEI 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 0.70 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/dei-vs-olp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dei-vs-olp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DEI correlations · OLP correlations
