GOOD vs OLP: Correlation
Gl (GOOD) and One Liberty Properties, Inc. (OLP) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOD and OLP?
Across a 3-year window, the weekly returns of GOOD and OLP correlate at 0.75, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. Stretching to 5 years gives 0.66, with an annualized covariance of 361.1 %².
OLP is one of the assets that tracks GOOD most closely: it ranks #1 out of the 16 assets we track against GOOD. Their 12-month results are close: +8.2% for GOOD 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.
GOOD vs OLP: side by side
| GOOD (Gl) | OLP (One Liberty Properties, Inc.) | |
|---|---|---|
| 1-year return | +8.2% | +13.0% |
| 5-year return | -11.7% | +11.9% |
| Volatility (ann.) | 22.3% | 21.5% |
| Beta vs S&P 500 | 0.67 | 0.49 |
| Max drawdown (3Y) | -35.3% | -28.8% |
| Market cap | $0.6B | $0.5B |
| P/E (trailing) | 51.9 | 15.3 |
| Dividend yield | 9.22% | 7.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOOD | OLP |
|---|---|---|
| 2022 | -22.5% | -32.3% |
| 2023 | -21.6% | +7.6% |
| 2024 | +33.3% | +33.5% |
| 2025 | -28.1% | -19.6% |
| 2026 | +29.9% | +23.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOD and OLP good diversifiers for each other?
Only partially. A correlation of 0.75 means GOOD 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 GOOD and OLP?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.68 over the last year and 0.66 over 5 years.
Is OLP a good diversifier for GOOD?
Only partially. A correlation of 0.75 means GOOD 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 0.75 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/good-vs-olp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/good-vs-olp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GOOD correlations · OLP correlations
