OPAD vs SOAR: Correlation
How closely do Offerpad Solutions Inc. (OPAD) and Volato Group, Inc. (SOAR) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPAD and SOAR?
On 3 years of weekly data the OPAD/SOAR correlation comes out at 0.50, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.68 versus 0.50 over 3 years. The 5-year figure is 0.49, and annualized covariance runs at 31033.4 %².
Among the 24 assets we track against OPAD, SOAR ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OPAD outperformed by 120.2 percentage points (+33.3% for OPAD against -86.9% for SOAR). One caveat on sizing: OPAD is 3.1 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 SOAR: side by side
| OPAD (Offerpad Solutions Inc.) | SOAR (Volato Group, Inc.) | |
|---|---|---|
| 1-year return | +33.3% | -86.9% |
| 5-year return | -96.7% | -99.9% |
| Volatility (ann.) | 440.7% | 140.6% |
| Beta vs S&P 500 | -1.25 | 1.26 |
| Max drawdown (3Y) | -95.6% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPAD | SOAR |
|---|---|---|
| 2022 | -92.8% | – |
| 2023 | +48.2% | -62.9% |
| 2024 | -72.2% | -93.5% |
| 2025 | -57.5% | -88.2% |
| 2026 | +270.2% | -68.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPAD and SOAR good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between OPAD and SOAR?
The OPAD/SOAR correlation stands at 0.50 on a 3-year window (1 year: 0.68, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is SOAR a good diversifier for OPAD?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/opad-vs-soar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/opad-vs-soar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OPAD correlations · SOAR correlations
