OPAD vs SDA: Correlation
Offerpad Solutions Inc. (OPAD) and SunCar Technology Group Inc. (SDA) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPAD and SDA?
Over the past 3 years, OPAD and SDA moved with a correlation of 0.33, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.44 versus 0.33 over 3 years. Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 12100.2 %².
Within OPAD's tracked universe of 24 assets, SDA comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OPAD outperformed by 104.0 percentage points (+33.3% for OPAD against -70.7% for SDA). Risk is not evenly split, since OPAD carries 5.2 times the volatility of the other side.
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.
OPAD vs SDA: side by side
| OPAD (Offerpad Solutions Inc.) | SDA (SunCar Technology Group Inc.) | |
|---|---|---|
| 1-year return | +33.3% | -70.7% |
| 5-year return | -96.7% | -92.6% |
| Volatility (ann.) | 440.7% | 84.1% |
| Beta vs S&P 500 | -1.25 | 0.35 |
| Max drawdown (3Y) | -95.6% | -95.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPAD | SDA |
|---|---|---|
| 2022 | -92.8% | +4.3% |
| 2023 | +48.2% | -20.3% |
| 2024 | -72.2% | +17.0% |
| 2025 | -57.5% | -79.1% |
| 2026 | +270.2% | -63.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPAD and SDA good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OPAD and SDA?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.44 over the last year and 0.20 over 5 years.
Is SDA a good diversifier for OPAD?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/opad-vs-sda.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/opad-vs-sda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OPAD correlations · SDA correlations
