EPRT vs O: Correlation
Essential Properties Realty Trust, Inc. (EPRT) and Realty Income (O) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPRT and O?
Across a 3-year window, the weekly returns of EPRT and O correlate at 0.66, strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.66 over 3. Stretching to 5 years gives 0.71, with an annualized covariance of 230.2 %².
Within EPRT's tracked universe of 17 assets, O comes in at #9 by 3-year correlation. On 12-month performance O holds a 10.1-point edge, +1.2% against +11.3%.
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.
EPRT vs O: side by side
| EPRT (Essential Properties Realty Trust, Inc.) | O (Realty Income) | |
|---|---|---|
| 1-year return | +1.2% | +11.3% |
| 5-year return | +16.4% | +14.5% |
| Volatility (ann.) | 20.1% | 17.3% |
| Beta vs S&P 500 | 0.40 | 0.21 |
| Max drawdown (3Y) | -15.5% | -19.3% |
| Market cap | $6.6B | $58.5B |
| P/E (trailing) | 23.7 | 45.4 |
| Dividend yield | 4.04% | 5.20% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | EPRT | O |
|---|---|---|
| 2022 | -14.6% | -7.4% |
| 2023 | +14.2% | -4.5% |
| 2024 | +27.3% | -2.1% |
| 2025 | -1.4% | +12.2% |
| 2026 | +4.5% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPRT and O good diversifiers for each other?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EPRT and O?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.65 over the last year and 0.71 over 5 years.
Is O a good diversifier for EPRT?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 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/eprt-vs-o.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eprt-vs-o/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EPRT correlations · O correlations
