ONL vs. DLR

Last updated Apr 1, 2026

Compare and contrast key facts about Orion Office REIT Inc. (ONL) and Digital Realty Trust, Inc. (DLR).

Performance

ONL vs. DLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Orion Office REIT Inc. (ONL) and Digital Realty Trust, Inc. (DLR). The values are adjusted to include any dividend payments, if applicable.

ONL vs. DLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ONL Orion Office REIT Inc.	-3.89%	-36.91%	-27.43%	-28.36%	-52.44%	-12.35%
DLR Digital Realty Trust, Inc.	17.28%	-10.07%	35.90%	39.95%	-41.00%	10.47%

Fundamentals

Market Cap ONL : $121.08M DLR : $63.36B
EPS ONL : -$2.47 DLR : $3.75
PS Ratio ONL : 0.82 DLR : 10.28
PB Ratio ONL : 0.19 DLR : 2.85
Total Revenue (TTM) ONL : $147.65M DLR : $6.11B
Gross Profit (TTM) ONL : $82.82M DLR : $3.39B
EBITDA (TTM) ONL : -$63.97M DLR : $3.59B

Returns By Period

In the year-to-date period, ONL achieves a -3.89% return, which is significantly lower than DLR's 17.28% return.

ONL

• 1D: 10.26%
• 1M: -12.77%
• YTD: -3.89%
• 6M: -18.83%
• 1Y: 4.14%
• 3Y*: -26.60%
• 5Y*: —
• 10Y*: —

DLR

• 1D: 2.87%
• 1M: 2.39%
• YTD: 17.28%
• 6M: 5.79%
• 1Y: 29.43%
• 3Y*: 26.46%
• 5Y*: 8.35%
• 10Y*: 11.02%

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

Return for Risk

ONL vs. DLR — Risk / Return Rank

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

ONL

ONL Risk / Return Rank: 44
ONL Sharpe Ratio Rank: 45
ONL Sortino Ratio Rank: 44
ONL Omega Ratio Rank: 43
ONL Calmar Ratio Rank: 44
ONL Martin Ratio Rank: 44

DLR

DLR Risk / Return Rank: 76
DLR Sharpe Ratio Rank: 80
DLR Sortino Ratio Rank: 76
DLR Omega Ratio Rank: 73
DLR Calmar Ratio Rank: 76
DLR Martin Ratio Rank: 77

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.

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.

	ONL	DLR	Difference
Sharpe ratio Return per unit of total volatility	0.07	1.24	-1.17
Sortino ratio Return per unit of downside risk	0.54	1.84	-1.29
Omega ratio Gain probability vs. loss probability	1.07	1.23	-0.16
Calmar ratio Return relative to maximum drawdown	0.11	1.81	-1.70
Martin ratio Return relative to average drawdown	0.23	4.74	-4.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ONL vs. DLR - Sharpe Ratio Comparison

The current ONL Sharpe Ratio is 0.07, which is lower than the DLR Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of ONL and DLR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ONL	DLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.07	1.24	-1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.29	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.77	0.56	-1.32

Correlation

The correlation between ONL and DLR is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ONL vs. DLR - Dividend Comparison

ONL's dividend yield for the trailing twelve months is around 3.72%, more than DLR's 2.71% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ONL Orion Office REIT Inc.	3.72%	3.54%	10.78%	6.99%	4.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DLR Digital Realty Trust, Inc.	2.71%	3.15%	2.75%	3.63%	4.87%	2.62%	3.21%	3.61%	3.79%	3.27%	3.58%	4.50%

Drawdowns

ONL vs. DLR - Drawdown Comparison

The maximum ONL drawdown since its inception was -91.12%, 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.

Drawdown Indicators

	ONL	DLR	Difference
Max Drawdown Largest peak-to-trough decline	-91.12%	-56.80%	-34.32%
Max Drawdown (1Y) Largest decline over 1 year	-36.80%	-16.83%	-19.97%
Max Drawdown (5Y) Largest decline over 5 years	—	-48.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-48.52%	—
Current Drawdown Current decline from peak	-86.98%	-3.80%	-83.18%
Average Drawdown Average peak-to-trough decline	-67.90%	-11.20%	-56.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.11%	6.43%	+11.68%

Volatility

ONL vs. DLR - Volatility Comparison

Orion Office REIT Inc. (ONL) has a higher volatility of 23.38% compared to Digital Realty Trust, Inc. (DLR) at 7.03%. This indicates that ONL's price experiences larger fluctuations and is considered to be riskier than DLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONL	DLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.38%	7.03%	+16.35%
Volatility (6M) Calculated over the trailing 6-month period	37.60%	16.94%	+20.66%
Volatility (1Y) Calculated over the trailing 1-year period	58.59%	23.89%	+34.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.72%	28.49%	+20.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.72%	28.13%	+20.59%

Financials