OLP vs UHT: Correlation
Measured on weekly returns over the past three years, One Liberty Properties, Inc. (OLP) and Universal Health Realty Income Trust (UHT) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OLP and UHT?
Over the past 3 years, OLP and UHT moved with a correlation of 0.63, which is strong. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 343.2 %².
Among the 28 assets we track against OLP, UHT ranks #10 by 3-year correlation. Neither side won the trailing year by much: +13.0% against +9.4%.
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 UHT: side by side
| OLP (One Liberty Properties, Inc.) | UHT (Universal Health Realty Income Trust) | |
|---|---|---|
| 1-year return | +13.0% | +9.4% |
| 5-year return | +11.9% | -3.5% |
| Volatility (ann.) | 21.5% | 25.4% |
| Beta vs S&P 500 | 0.49 | 0.40 |
| Max drawdown (3Y) | -28.8% | -27.9% |
| Market cap | $0.5B | $0.6B |
| P/E (trailing) | 15.3 | 30.2 |
| Dividend yield | 7.44% | 7.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OLP | UHT |
|---|---|---|
| 2022 | -32.3% | -15.3% |
| 2023 | +7.6% | -3.6% |
| 2024 | +33.5% | -7.4% |
| 2025 | -19.6% | +13.3% |
| 2026 | +23.7% | +9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLP and UHT good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between OLP and UHT?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.61 over the last year and 0.60 over 5 years.
Is UHT a good diversifier for OLP?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
A reading of 0.63 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: OLP correlations · UHT correlations
