OLP vs SNDA: Correlation
One Liberty Properties, Inc. (OLP) and Sonida Senior Living, Inc. (SNDA) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OLP and SNDA?
Across a 3-year window, the weekly returns of OLP and SNDA correlate at 0.37, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.37 over 3. Stretching to 5 years gives 0.26, with an annualized covariance of 484.8 %².
Among the 28 assets we track against OLP, SNDA ranks #20 by 3-year correlation. The last year tells two different stories: SNDA led by 36.0 percentage points, +13.0% for OLP against +49.0% for SNDA. Note the risk asymmetry: SNDA runs 2.8 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.
OLP vs SNDA: side by side
| OLP (One Liberty Properties, Inc.) | SNDA (Sonida Senior Living, Inc.) | |
|---|---|---|
| 1-year return | +13.0% | +49.0% |
| 5-year return | +11.9% | +6.6% |
| Volatility (ann.) | 21.5% | 61.1% |
| Beta vs S&P 500 | 0.49 | 0.66 |
| Max drawdown (3Y) | -28.8% | -41.0% |
| Market cap | $0.5B | $1.9B |
| P/E (trailing) | 15.3 | – |
| Dividend yield | 7.44% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OLP | SNDA |
|---|---|---|
| 2022 | -32.3% | -56.1% |
| 2023 | +7.6% | -22.7% |
| 2024 | +33.5% | +138.9% |
| 2025 | -19.6% | +41.3% |
| 2026 | +23.7% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLP and SNDA good diversifiers for each other?
Reasonably. At 0.37, OLP and SNDA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OLP and SNDA?
As of 2026-08-27, the correlation of weekly returns between OLP and SNDA is 0.37 over 3 years, 0.39 over 1 year and 0.26 over 5 years.
Is SNDA a good diversifier for OLP?
Reasonably. At 0.37, OLP and SNDA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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/olp-vs-snda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/olp-vs-snda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OLP correlations · SNDA correlations
