ESRT vs LOOP: Correlation
How closely do Empire State Realty Trust, Inc. (ESRT) and Loop Industries, Inc. (LOOP) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESRT and LOOP?
On 3 years of weekly data the ESRT/LOOP correlation comes out at 0.32, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.44 versus 0.32 over 3 years. The 5-year figure is 0.27, and annualized covariance runs at 726.7 %².
Among the 11 assets we track against ESRT, LOOP sits near the bottom by co-movement, at rank #7. Correlation aside, the last 12 months split them widely, with ESRT ahead by 25.3 points (-37.6% versus -62.9%). One caveat on sizing: LOOP is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ESRT vs LOOP: side by side
| ESRT (Empire State Realty Trust, Inc.) | LOOP (Loop Industries, Inc.) | |
|---|---|---|
| 1-year return | -37.6% | -62.9% |
| 5-year return | -50.4% | -93.8% |
| Volatility (ann.) | 31.0% | 73.7% |
| Beta vs S&P 500 | 0.87 | 0.96 |
| Max drawdown (3Y) | -58.1% | -87.5% |
| Market cap | $1.4B | – |
| P/E (trailing) | 232.0 | – |
| Dividend yield | 2.97% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ESRT | LOOP |
|---|---|---|
| 2022 | -22.8% | -80.5% |
| 2023 | +46.3% | +58.2% |
| 2024 | +8.0% | -68.3% |
| 2025 | -35.7% | -16.7% |
| 2026 | -27.9% | -44.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESRT and LOOP good diversifiers for each other?
Reasonably. At 0.32, ESRT and LOOP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ESRT and LOOP?
The ESRT/LOOP correlation stands at 0.32 on a 3-year window (1 year: 0.44, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is LOOP a good diversifier for ESRT?
Reasonably. At 0.32, ESRT and LOOP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/esrt-vs-loop.json
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Related comparisons
Hubs: ESRT correlations · LOOP correlations
