ONL vs. DLR
ONL (Orion Office REIT Inc.) and DLR (Digital Realty Trust, Inc.) are both stocks. Both are in the Real Estate sector — ONL in REIT - Office, DLR in REIT - Specialty. Over the past 3 years, ONL returned -19.91%/yr vs 18.81%/yr for DLR. Their 0.32 correlation means their historical movements had little consistent relationship.
Performance
ONL vs. DLR - Performance Comparison
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Returns By Period
In the year-to-date period, ONL achieves a 18.81% return, which is significantly lower than DLR's 23.50% return.
ONL
- 1D
- 1.15%
- 1M
- -6.71%
- 6M
- 20.41%
- YTD
- 18.81%
- 1Y
- 5.39%
- 3Y*
- -19.91%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -32.60%
DLR
- 1D
- -2.42%
- 1M
- 8.78%
- 6M
- 15.14%
- YTD
- 23.50%
- 1Y
- 12.63%
- 3Y*
- 18.81%
- 5Y*
- 7.72%
- 10Y*
- 9.76%
- ALL TIME*
- 18.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $649.02M | $598.96M | $548.08M | |
| $562.71K | $555.81K | $1.16M |
ONL vs. DLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ONL Orion Office REIT Inc. | 18.81% | -36.91% | -27.43% | -28.36% | -52.44% | -15.71% |
DLR Digital Realty Trust, Inc. | 23.50% | -10.07% | 35.90% | 39.95% | -41.00% | 13.92% |
Correlation
The correlation between ONL and DLR is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2021 | 0.32 |
The correlation between ONL and DLR shifts across timeframes, from 0.22 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ONL:
$150.03M
DLR:
$69.75B
ONL:
-$2.54
DLR:
$1.39
ONL:
1.02
DLR:
9.13
ONL:
$145.92M
DLR:
$5.44B
ONL:
$82.76M
DLR:
$780.71M
ONL:
-$71.64M
DLR:
$2.41B
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Return for Risk
ONL vs. DLR — Risk / Return Rank
ONL
DLR
ONL vs. DLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Orion Office REIT Inc. (ONL) and Digital Realty Trust, Inc. (DLR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ONL | DLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.09 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 0.59 | -0.48 |
| Martin ratioReturn relative to average drawdown | 0.24 | 1.36 | -1.12 |
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Drawdowns
ONL vs. DLR - Drawdown Comparison
The maximum ONL drawdown since its inception was -91.38%, which is greater than DLR's maximum drawdown of -56.80%. Use the drawdown chart below to compare losses from any high point for ONL and DLR.
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Drawdown Indicators
| ONL | DLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.38% | -56.80% | -34.58% |
Max Drawdown (1Y)Largest decline over 1 year | -36.80% | -16.83% | -19.97% |
Max Drawdown (3Y)Largest decline over 3 years | -72.86% | -29.40% | -43.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.52% | — |
Current DrawdownCurrent decline from peak | -84.38% | -6.93% | -77.45% |
Average DrawdownAverage peak-to-trough decline | -69.86% | -11.12% | -58.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.65% | 7.45% | +10.20% |
Volatility
ONL vs. DLR - Volatility Comparison
The current volatility for Orion Office REIT Inc. (ONL) is 5.77%, while Digital Realty Trust, Inc. (DLR) has a volatility of 12.89%. This indicates that ONL experiences smaller price fluctuations and is considered to be less risky than DLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONL | DLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 12.89% | -7.12% |
Volatility (6M)Calculated over the trailing 6-month period | 31.77% | 20.76% | +11.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.81% | 26.82% | +17.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.80% | 29.27% | +18.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.80% | 28.49% | +19.31% |
Dividends
ONL vs. DLR - Dividend Comparison
ONL's dividend yield for the trailing twelve months is around 3.03%, more than DLR's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLR Digital Realty Trust, Inc. | 2.59% | 3.15% | 2.75% | 3.63% | 4.87% | 2.62% | 3.21% | 3.61% | 3.79% | 3.27% | 3.58% | 4.50% |
ONL Orion Office REIT Inc. | 3.03% | 3.54% | 10.78% | 6.99% | 4.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ONL vs. DLR - Financials Comparison
This section allows you to compare key financial metrics between Orion Office REIT Inc. and Digital Realty Trust, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ONL vs. DLR - Profitability Comparison
ONL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Orion Office REIT Inc. reported a gross profit of 21.49M and revenue of 36.27M. Therefore, the gross margin over that period was 59.2%.
DLR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Digital Realty Trust, Inc. reported a gross profit of 0.00 and revenue of 513.78M. Therefore, the gross margin over that period was 0.0%.
ONL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Orion Office REIT Inc. reported an operating income of -3.37M and revenue of 36.27M, resulting in an operating margin of -9.3%.
DLR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Digital Realty Trust, Inc. reported an operating income of 301.57M and revenue of 513.78M, resulting in an operating margin of 58.7%.
ONL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Orion Office REIT Inc. reported a net income of -13.58M and revenue of 36.27M, resulting in a net margin of -37.4%.
DLR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Digital Realty Trust, Inc. reported a net income of 19.68M and revenue of 513.78M, resulting in a net margin of 3.8%.
Frequently Asked Questions
ONL and DLR have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLR has higher volatility (12.89%) compared to ONL (5.77%). In terms of maximum drawdown, ONL dropped -91.38% vs DLR's -56.80%.
DLR currently has the higher Sharpe Ratio (0.37 vs 0.09), 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.
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