OPAD vs SDOT: Correlation
How closely do Offerpad Solutions Inc. (OPAD) and Sadot Group Inc. (SDOT) trade together? Their weekly returns over three years give a correlation of 0.77, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPAD and SDOT?
Over the past 3 years, OPAD and SDOT moved with a correlation of 0.77, which is strong. Recent behaviour matches the longer record: 0.87 over 1 year against 0.77 over 3. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 85385.3 %².
In OPAD's tracked universe of 24 assets, SDOT sits right near the top at #2. The last year tells two different stories: OPAD led by 124.7 percentage points, +33.3% for OPAD against -91.4% for SDOT. One caveat on sizing: OPAD is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SDOT: side by side
| OPAD (Offerpad Solutions Inc.) | SDOT (Sadot Group Inc.) | |
|---|---|---|
| 1-year return | +33.3% | -91.4% |
| 5-year return | -96.7% | -99.3% |
| Volatility (ann.) | 440.7% | 250.1% |
| Beta vs S&P 500 | -1.25 | -0.18 |
| Max drawdown (3Y) | -95.6% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPAD | SDOT |
|---|---|---|
| 2022 | -92.8% | +26.4% |
| 2023 | +48.2% | -55.9% |
| 2024 | -72.2% | -5.5% |
| 2025 | -57.5% | -96.8% |
| 2026 | +270.2% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPAD and SDOT good diversifiers for each other?
Only partially. A correlation of 0.77 means OPAD and SDOT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between OPAD and SDOT?
As of 2026-08-27, the correlation of weekly returns between OPAD and SDOT is 0.77 over 3 years, 0.87 over 1 year and 0.73 over 5 years.
Is SDOT a good diversifier for OPAD?
Only partially. A correlation of 0.77 means OPAD and SDOT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 mean?
On the −1 to +1 scale, 0.77 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-sdot.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/opad-vs-sdot/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OPAD correlations · SDOT correlations
