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 -17.57%/yr vs 27.14%/yr for DLR. At a 0.33 correlation, their price movements are largely independent.
Performance
ONL vs. DLR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ONL having a 29.19% return and DLR slightly lower at 27.75%.
ONL
- 1D
- 0.35%
- 1M
- -3.67%
- YTD
- 29.19%
- 6M
- 35.14%
- 1Y
- 23.28%
- 3Y*
- -17.57%
- 5Y*
- —
- 10Y*
- —
DLR
- 1D
- -0.28%
- 1M
- 2.22%
- YTD
- 27.75%
- 6M
- 28.44%
- 1Y
- 13.13%
- 3Y*
- 27.14%
- 5Y*
- 9.04%
- 10Y*
- 10.24%
ONL vs. DLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ONL Orion Office REIT Inc. | 29.19% | -36.91% | -27.43% | -28.36% | -52.44% | -15.71% |
DLR Digital Realty Trust, Inc. | 27.75% | -10.07% | 35.90% | 39.95% | -41.00% | 13.92% |
Correlation
The correlation between ONL and DLR is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2021 | 0.33 |
Fundamentals
ONL:
-$2.55
DLR:
$4.53
ONL:
1.12
DLR:
10.03
ONL:
$145.92M
DLR:
$5.09B
ONL:
$82.76M
DLR:
$1.67B
ONL:
-$71.64M
DLR:
$3.18B
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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 | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.11 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 0.78 | -0.15 |
| Martin ratioReturn relative to average drawdown | 1.34 | 1.91 | -0.57 |
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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 | -74.20% | -29.40% | -44.80% |
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 | -83.01% | -3.73% | -79.28% |
Average DrawdownAverage peak-to-trough decline | -69.53% | -11.13% | -58.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.51% | 6.89% | +10.62% |
Volatility
ONL vs. DLR - Volatility Comparison
The current volatility for Orion Office REIT Inc. (ONL) is 7.01%, while Digital Realty Trust, Inc. (DLR) has a volatility of 8.51%. 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 | 7.01% | 8.51% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 36.98% | 16.54% | +20.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.76% | 23.34% | +27.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.12% | 28.65% | +19.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.12% | 28.24% | +19.88% |
Dividends
ONL vs. DLR - Dividend Comparison
ONL's dividend yield for the trailing twelve months is around 2.77%, more than DLR's 2.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLR Digital Realty Trust, Inc. | 2.50% | 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. | 2.77% | 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 Jun 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 Jun 2026, Digital Realty Trust, Inc. reported a gross profit of 0.00 and revenue of 303.36M. 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 Jun 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 Jun 2026, Digital Realty Trust, Inc. reported an operating income of 195.64M and revenue of 303.36M, resulting in an operating margin of 64.5%.
ONL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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 Jun 2026, Digital Realty Trust, Inc. reported a net income of -12.46M and revenue of 303.36M, resulting in a net margin of -4.1%.
Frequently Asked Questions
ONL and DLR have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLR has higher volatility (8.51%) compared to ONL (7.01%). In terms of maximum drawdown, ONL dropped -91.38% vs DLR's -56.80%.
DLR currently has the higher Sharpe Ratio (0.57 vs 0.50), 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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