OLP vs. AAT

Last updated Jun 4, 2026

OLP (One Liberty Properties, Inc.) and AAT (American Assets Trust, Inc.) are both stocks. Both operate in the REIT - Diversified industry within the Real Estate sector. Over the past 10 years, OLP returned 7.81%/yr vs -1.66%/yr for AAT. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

OLP vs. AAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in One Liberty Properties, Inc. (OLP) and American Assets Trust, Inc. (AAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OLP achieves a 16.66% return, which is significantly lower than AAT's 25.33% return. Over the past 10 years, OLP has outperformed AAT with an annualized return of 7.81%, while AAT has yielded a comparatively lower -1.66% annualized return.

OLP

• 1D: -0.98%
• 1M: 2.52%
• YTD: 16.66%
• 6M: 16.48%
• 1Y: 1.19%
• 3Y*: 12.16%
• 5Y*: 4.74%
• 10Y*: 7.81%

AAT

• 1D: -0.09%
• 1M: 13.31%
• YTD: 25.33%
• 6M: 23.83%
• 1Y: 24.39%
• 3Y*: 12.82%
• 5Y*: -4.36%
• 10Y*: -1.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

OLP vs. AAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OLP One Liberty Properties, Inc.	16.66%	-19.58%	33.53%	7.57%	-32.34%	87.10%	-18.50%	19.44%	0.15%	10.90%
AAT American Assets Trust, Inc.	25.33%	-22.96%	23.32%	-9.58%	-26.36%	34.03%	-35.04%	17.11%	8.14%	-8.89%

Correlation

The correlation between OLP and AAT is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jan 14, 2011	0.58

The correlation between OLP and AAT has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.

Fundamentals

Market Cap OLP : $489.84M AAT : $1.79B
EPS OLP : $1.31 AAT : $0.29
PE Ratio OLP : 17.66 AAT : 79.94
PEG Ratio OLP : 1.27 AAT : 3.68
PS Ratio OLP : 4.80 AAT : 4.09
PB Ratio OLP : 1.65 AAT : 1.67
Total Revenue (TTM) OLP : $101.35M AAT : $438.19M
Gross Profit (TTM) OLP : $26.40M AAT : $266.23M
EBITDA (TTM) OLP : $84.01M AAT : $231.92M

Return for Risk

OLP vs. AAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OLP

OLP Risk / Return Rank: 39
OLP Sharpe Ratio Rank: 43
OLP Sortino Ratio Rank: 35
OLP Omega Ratio Rank: 34
OLP Calmar Ratio Rank: 41
OLP Martin Ratio Rank: 41

AAT

AAT Risk / Return Rank: 68
AAT Sharpe Ratio Rank: 72
AAT Sortino Ratio Rank: 64
AAT Omega Ratio Rank: 64
AAT Calmar Ratio Rank: 71
AAT Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OLP vs. AAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for One Liberty Properties, Inc. (OLP) and American Assets Trust, Inc. (AAT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	OLP	AAT	Difference
Sharpe ratio Return per unit of total volatility	0.06	1.01	-0.95
Sortino ratio Return per unit of downside risk	0.22	1.45	-1.23
Omega ratio Gain probability vs. loss probability	1.03	1.19	-0.17
Calmar ratio Return relative to maximum drawdown	0.06	1.75	-1.69
Martin ratio Return relative to average drawdown	0.12	3.55	-3.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OLP vs. AAT - Sharpe Ratio Comparison

The current OLP Sharpe Ratio is 0.06, which is lower than the AAT Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of OLP and AAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OLP	AAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.06	1.01	-0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	-0.16	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	-0.05	+0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.15	+0.19

Drawdowns

OLP vs. AAT - Drawdown Comparison

The maximum OLP drawdown since its inception was -87.45%, which is greater than AAT's maximum drawdown of -61.85%. Use the drawdown chart below to compare losses from any high point for OLP and AAT.

Drawdown Indicators

	OLP	AAT	Difference
Max Drawdown Largest peak-to-trough decline	-87.45%	-61.85%	-25.60%
Max Drawdown (1Y) Largest decline over 1 year	-18.57%	-13.97%	-4.60%
Max Drawdown (3Y) Largest decline over 3 years	-28.83%	-38.02%	+9.19%
Max Drawdown (5Y) Largest decline over 5 years	-44.10%	-56.18%	+12.08%
Max Drawdown (10Y) Largest decline over 10 years	-60.23%	-61.85%	+1.62%
Current Drawdown Current decline from peak	-13.82%	-34.87%	+21.05%
Average Drawdown Average peak-to-trough decline	-13.42%	-20.15%	+6.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.86%	6.89%	+2.97%

Volatility

OLP vs. AAT - Volatility Comparison

The current volatility for One Liberty Properties, Inc. (OLP) is 5.32%, while American Assets Trust, Inc. (AAT) has a volatility of 6.20%. This indicates that OLP experiences smaller price fluctuations and is considered to be less risky than AAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OLP	AAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	6.20%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	12.39%	16.47%	-4.08%
Volatility (1Y) Calculated over the trailing 1-year period	19.15%	24.16%	-5.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.08%	28.05%	-3.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.68%	31.09%	+0.59%

Dividends

OLP vs. AAT - Dividend Comparison

OLP's dividend yield for the trailing twelve months is around 7.76%, more than AAT's 5.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAT American Assets Trust, Inc.	5.83%	7.18%	5.10%	5.86%	4.83%	3.09%	3.46%	2.48%	2.71%	2.75%	2.34%	2.47%
OLP One Liberty Properties, Inc.	7.76%	8.87%	6.61%	8.22%	8.10%	5.10%	8.97%	6.62%	7.43%	6.71%	6.61%	7.36%

Financials

OLP vs. AAT - Profitability Comparison

The chart below illustrates the profitability comparison between One Liberty Properties, Inc. and American Assets Trust, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

OLP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, One Liberty Properties, Inc. reported a gross profit of 22.58M and revenue of 28.29M. Therefore, the gross margin over that period was 79.8%.

AAT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American Assets Trust, Inc. reported a gross profit of 66.93M and revenue of 110.59M. Therefore, the gross margin over that period was 60.5%.

OLP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, One Liberty Properties, Inc. reported an operating income of 13.48M and revenue of 28.29M, resulting in an operating margin of 47.7%.

AAT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American Assets Trust, Inc. reported an operating income of 25.83M and revenue of 110.59M, resulting in an operating margin of 23.4%.

OLP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, One Liberty Properties, Inc. reported a net income of 6.24M and revenue of 28.29M, resulting in a net margin of 22.1%.

AAT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American Assets Trust, Inc. reported a net income of 5.13M and revenue of 110.59M, resulting in a net margin of 4.6%.

Frequently Asked Questions

Can I hold both OLP and AAT in my portfolio?

OLP and AAT have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OLP or AAT?

AAT has higher volatility (6.20%) compared to OLP (5.32%). In terms of maximum drawdown, OLP dropped -87.45% vs AAT's -61.85%.

Which has better risk-adjusted returns?

AAT currently has the higher Sharpe Ratio (1.01 vs 0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.