OLP vs UDR: Correlation
Measured on weekly returns over the past three years, One Liberty Properties, Inc. (OLP) and UDR, Inc. (UDR) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OLP and UDR?
Over the past 3 years, OLP and UDR moved with a correlation of 0.64, which is strong. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 292.2 %².
Among the 28 assets we track against OLP, UDR ranks #9 by 3-year correlation. The trailing year gives OLP the advantage: +13.0% versus -0.6%, a 13.6-point spread.
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 UDR: side by side
| OLP (One Liberty Properties, Inc.) | UDR (UDR, Inc.) | |
|---|---|---|
| 1-year return | +13.0% | -0.6% |
| 5-year return | +11.9% | -15.5% |
| Volatility (ann.) | 21.5% | 21.1% |
| Beta vs S&P 500 | 0.49 | 0.54 |
| Max drawdown (3Y) | -28.8% | -24.9% |
| Market cap | $0.5B | $13.6B |
| P/E (trailing) | 15.3 | 23.9 |
| Dividend yield | 7.44% | 4.56% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | OLP | UDR |
|---|---|---|
| 2022 | -32.3% | -33.4% |
| 2023 | +7.6% | +3.1% |
| 2024 | +33.5% | +18.3% |
| 2025 | -19.6% | -11.8% |
| 2026 | +23.7% | +4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLP and UDR good diversifiers for each other?
To a limited degree. At 0.64 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 OLP and UDR?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.58 over the last year and 0.59 over 5 years.
Is UDR a good diversifier for OLP?
To a limited degree. At 0.64 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 0.64 mean?
On the −1 to +1 scale, 0.64 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/olp-vs-udr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/olp-vs-udr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OLP correlations · UDR correlations
