OLP vs ONMD: Correlation
Measured on weekly returns over the past three years, One Liberty Properties, Inc. (OLP) and OneMedNet Corp (ONMD) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OLP and ONMD?
Over the past 3 years, OLP and ONMD moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.46 versus -0.28 over 3 years. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -1789.6 %².
Out of 28 assets tracked against OLP, ONMD lands near the bottom at #26. Their recent paths diverged sharply: over the last 12 months OLP outperformed by 41.3 percentage points (+13.0% for OLP against -28.3% for ONMD). One caveat on sizing: ONMD is 13.8 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.
OLP vs ONMD: side by side
| OLP (One Liberty Properties, Inc.) | ONMD (OneMedNet Corp) | |
|---|---|---|
| 1-year return | +13.0% | -28.3% |
| 5-year return | +11.9% | -94.1% |
| Volatility (ann.) | 21.5% | 295.9% |
| Beta vs S&P 500 | 0.49 | -0.51 |
| Max drawdown (3Y) | -28.8% | -97.2% |
| Market cap | $0.5B | – |
| P/E (trailing) | 15.3 | – |
| Dividend yield | 7.44% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OLP | ONMD |
|---|---|---|
| 2022 | -32.3% | +3.4% |
| 2023 | +7.6% | -92.2% |
| 2024 | +33.5% | +67.9% |
| 2025 | -19.6% | -19.1% |
| 2026 | +23.7% | -46.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLP and ONMD good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between OLP and ONMD?
As of 2026-08-27, the correlation of weekly returns between OLP and ONMD is -0.28 over 3 years, -0.46 over 1 year and -0.20 over 5 years.
Is ONMD a good diversifier for OLP?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 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
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Related comparisons
Hubs: OLP correlations · ONMD correlations
