GILD vs OLP: Correlation
Gilead Sciences (GILD) and One Liberty Properties, Inc. (OLP) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GILD and OLP?
Over the past 3 years, GILD and OLP moved with a correlation of 0.40, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.40 over 3 years. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 206.1 %².
Among the 30 assets we track against GILD, OLP ranks #14 by 3-year correlation. The last year tells two different stories: GILD led by 21.1 percentage points, +34.1% for GILD 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.
GILD vs OLP: side by side
| GILD (Gilead Sciences) | OLP (One Liberty Properties, Inc.) | |
|---|---|---|
| 1-year return | +34.1% | +13.0% |
| 5-year return | +148.1% | +11.9% |
| Volatility (ann.) | 24.1% | 21.5% |
| Beta vs S&P 500 | 0.33 | 0.49 |
| Max drawdown (3Y) | -26.6% | -28.8% |
| Market cap | $184.6B | $0.5B |
| P/E (trailing) | – | 15.3 |
| Dividend yield | 2.17% | 7.44% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | GILD | OLP |
|---|---|---|
| 2022 | +23.6% | -32.3% |
| 2023 | -2.0% | +7.6% |
| 2024 | +18.7% | +33.5% |
| 2025 | +36.6% | -19.6% |
| 2026 | +22.8% | +23.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GILD and OLP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GILD and OLP?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.14 over the last year and 0.36 over 5 years.
Is OLP a good diversifier for GILD?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/gild-vs-olp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gild-vs-olp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GILD correlations · OLP correlations
