OLP vs XRN: Correlation
Measured on weekly returns over the past three years, One Liberty Properties, Inc. (OLP) and Chiron Real Estate Inc. (XRN) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OLP and XRN?
Over the past 3 years, OLP and XRN moved with a correlation of 0.62, which is strong. Little has changed lately, as the 1-year reading of 0.70 lands near the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 391.2 %².
By 3-year correlation, XRN places #12 of the 28 assets tracked against OLP. Over the last 12 months OLP came out ahead by 7.1 percentage points (+13.0% against +5.9%).
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 XRN: side by side
| OLP (One Liberty Properties, Inc.) | XRN (Chiron Real Estate Inc.) | |
|---|---|---|
| 1-year return | +13.0% | +5.9% |
| 5-year return | +11.9% | -27.0% |
| Volatility (ann.) | 21.5% | 29.5% |
| Beta vs S&P 500 | 0.49 | 0.62 |
| Max drawdown (3Y) | -28.8% | -39.2% |
| Market cap | $0.5B | $0.5B |
| P/E (trailing) | 15.3 | 10.1 |
| Dividend yield | 7.44% | 6.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OLP | XRN |
|---|---|---|
| 2022 | -32.3% | -42.4% |
| 2023 | +7.6% | +27.9% |
| 2024 | +33.5% | -23.6% |
| 2025 | -19.6% | -4.1% |
| 2026 | +23.7% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLP and XRN good diversifiers for each other?
To a limited degree. At 0.62 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 XRN?
The OLP/XRN correlation stands at 0.62 on a 3-year window (1 year: 0.70, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is XRN a good diversifier for OLP?
To a limited degree. At 0.62 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 0.62 mean?
A reading of 0.62 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
$ curl https://www.pairbook.io/api/v1/pairs/olp-vs-xrn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/olp-vs-xrn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OLP correlations · XRN correlations
