MDRR vs O: Correlation
Measured on weekly returns over the past three years, Medalist Diversified, Inc. (MDRR) and Realty Income (O) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDRR and O?
Across a 3-year window, the weekly returns of MDRR and O correlate at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.07) than the 3-year average (-0.25). Stretching to 5 years gives -0.02, with an annualized covariance of -119.4 %².
Out of 36 assets tracked against MDRR, O lands near the bottom at #33. On 12-month performance O holds a 6.5-point edge, +4.8% against +11.3%. Risk is not evenly split, since MDRR carries 1.6 times the volatility of the other side.
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.
MDRR vs O: side by side
| MDRR (Medalist Diversified, Inc.) | O (Realty Income) | |
|---|---|---|
| 1-year return | +4.8% | +11.3% |
| 5-year return | -31.3% | +14.5% |
| Volatility (ann.) | 28.1% | 17.3% |
| Beta vs S&P 500 | -0.02 | 0.21 |
| Max drawdown (3Y) | -29.5% | -19.3% |
| Market cap | – | $58.5B |
| P/E (trailing) | 3.1 | 45.4 |
| Dividend yield | 2.21% | 5.20% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | MDRR | O |
|---|---|---|
| 2022 | -37.3% | -7.4% |
| 2023 | -4.0% | -4.5% |
| 2024 | +28.6% | -2.1% |
| 2025 | -5.5% | +12.2% |
| 2026 | -0.7% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDRR and O good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MDRR and O?
The MDRR/O correlation stands at -0.25 on a 3-year window (1 year: -0.07, 5 years: -0.02), computed from weekly returns as of 2026-08-27.
Is O a good diversifier for MDRR?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/mdrr-vs-o.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mdrr-vs-o/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MDRR correlations · O correlations
