OPAD vs T: Correlation
Offerpad Solutions Inc. (OPAD) and AT&T (T) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPAD and T?
Across a 3-year window, the weekly returns of OPAD and T correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.32 versus -0.21 over 3 years. Stretching to 5 years gives -0.13, with an annualized covariance of -2086.5 %².
By 3-year correlation, T places #17 of the 24 assets tracked against OPAD. The last year tells two different stories: OPAD led by 41.7 percentage points, +33.3% for OPAD against -8.4% for T. One caveat on sizing: OPAD is 19.7 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 T: side by side
| OPAD (Offerpad Solutions Inc.) | T (AT&T) | |
|---|---|---|
| 1-year return | +33.3% | -8.4% |
| 5-year return | -96.7% | +67.2% |
| Volatility (ann.) | 440.7% | 22.4% |
| Beta vs S&P 500 | -1.25 | 0.05 |
| Max drawdown (3Y) | -95.6% | -28.9% |
| Market cap | – | $174.3B |
| P/E (trailing) | – | 8.4 |
| Dividend yield | 0.00% | 4.29% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | OPAD | T |
|---|---|---|
| 2022 | -92.8% | +6.5% |
| 2023 | +48.2% | -2.7% |
| 2024 | -72.2% | +44.1% |
| 2025 | -57.5% | +14.0% |
| 2026 | +270.2% | +6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPAD and T good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OPAD and T?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.32 over the last year and -0.13 over 5 years.
Is T a good diversifier for OPAD?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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.
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Related comparisons
Hubs: OPAD correlations · T correlations
