LKFN vs ONL: Correlation
Measured on weekly returns over the past three years, Lakeland Financial Corporation (LKFN) and Orion Properties Inc. (ONL) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LKFN and ONL?
Across a 3-year window, the weekly returns of LKFN and ONL correlate at 0.57, moderate. The link has loosened recently: the 1-year correlation (0.36) runs below the 3-year figure (0.57). Stretching to 5 years gives 0.50, with an annualized covariance of 877.4 %².
Among the 15 assets we track against LKFN, ONL ranks #7 by 3-year correlation. The trailing year gives ONL the advantage: -10.4% versus +3.4%, a 13.8-point spread. One caveat on sizing: ONL is 1.7 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.
LKFN vs ONL: side by side
| LKFN (Lakeland Financial Corporation) | ONL (Orion Properties Inc.) | |
|---|---|---|
| 1-year return | -10.4% | +3.4% |
| 5-year return | +4.7% | -79.8% |
| Volatility (ann.) | 29.9% | 51.4% |
| Beta vs S&P 500 | 0.75 | 1.30 |
| Max drawdown (3Y) | -31.7% | -71.5% |
| Market cap | $1.5B | $0.2B |
| P/E (trailing) | 13.6 | – |
| Dividend yield | 3.46% | 2.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LKFN | ONL |
|---|---|---|
| 2022 | -7.0% | -52.4% |
| 2023 | -7.8% | -28.4% |
| 2024 | +8.7% | -27.4% |
| 2025 | -14.3% | -36.9% |
| 2026 | +6.4% | +30.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LKFN and ONL good diversifiers for each other?
To a limited degree. At 0.57 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 LKFN and ONL?
As of 2026-08-27, the correlation of weekly returns between LKFN and ONL is 0.57 over 3 years, 0.36 over 1 year and 0.50 over 5 years.
Is ONL a good diversifier for LKFN?
To a limited degree. At 0.57 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 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lkfn-vs-onl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lkfn-vs-onl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LKFN correlations · ONL correlations
