GIPR vs OLOX: Correlation
How closely do Generation Income Properties Inc. (GIPR) and Olenox Industries Inc. (OLOX) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIPR and OLOX?
Over the past 3 years, GIPR and OLOX moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.24 over 3 years. Over 5 years the correlation is -0.23, and the annualized covariance of weekly returns is -4633.1 %².
OLOX is close to the least connected end of GIPR's tracked universe, ranking #11 of 13. Neither side won the trailing year by much: -95.2% against -98.8%. Note the risk asymmetry: OLOX runs 1.6 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.
GIPR vs OLOX: side by side
| GIPR (Generation Income Properties Inc.) | OLOX (Olenox Industries Inc.) | |
|---|---|---|
| 1-year return | -95.2% | -98.8% |
| 5-year return | -99.3% | -100.0% |
| Volatility (ann.) | 110.2% | 173.6% |
| Beta vs S&P 500 | 1.42 | 0.94 |
| Max drawdown (3Y) | -99.4% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIPR | OLOX |
|---|---|---|
| 2022 | -14.6% | -27.1% |
| 2023 | -9.2% | -26.7% |
| 2024 | -51.1% | -94.9% |
| 2025 | -64.8% | -93.9% |
| 2026 | -93.0% | -92.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIPR and OLOX good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GIPR and OLOX?
The GIPR/OLOX correlation stands at -0.24 on a 3-year window (1 year: -0.38, 5 years: -0.23), computed from weekly returns as of 2026-08-27.
Is OLOX a good diversifier for GIPR?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/gipr-vs-olox.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gipr-vs-olox/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GIPR correlations · OLOX correlations
