ONL vs RC: Correlation
Orion Properties Inc. (ONL) and Ready Capital Corporation (RC) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONL and RC?
Over the past 3 years, ONL and RC moved with a correlation of 0.51, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.34 versus 0.51 over 3 years. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 994.7 %².
Within ONL's tracked universe of 14 assets, RC comes in at #6 by 3-year correlation. The last year tells two different stories: ONL led by 57.4 percentage points, +3.4% for ONL against -54.0% for RC.
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.
ONL vs RC: side by side
| ONL (Orion Properties Inc.) | RC (Ready Capital Corporation) | |
|---|---|---|
| 1-year return | +3.4% | -54.0% |
| 5-year return | -79.8% | -78.5% |
| Volatility (ann.) | 51.4% | 38.3% |
| Beta vs S&P 500 | 1.30 | 1.11 |
| Max drawdown (3Y) | -71.5% | -83.7% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 2.85% | 8.42% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ONL | RC |
|---|---|---|
| 2022 | -52.4% | -18.3% |
| 2023 | -28.4% | +5.9% |
| 2024 | -27.4% | -23.5% |
| 2025 | -36.9% | -65.0% |
| 2026 | +30.1% | -14.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONL and RC good diversifiers for each other?
To a limited degree. At 0.51 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 ONL and RC?
As of 2026-08-27, the correlation of weekly returns between ONL and RC is 0.51 over 3 years, 0.34 over 1 year and 0.50 over 5 years.
Is RC a good diversifier for ONL?
To a limited degree. At 0.51 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 0.51 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/onl-vs-rc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/onl-vs-rc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ONL correlations · RC correlations
