ONL vs. EQ
ONL (Orion Office REIT Inc.) and EQ (Equillium Inc) are both stocks. ONL operates in REIT - Office (Real Estate), while EQ operates in Biotechnology (Healthcare). Over the past 3 years, ONL returned -17.67%/yr vs 59.11%/yr for EQ. At a 0.08 correlation, their price movements are largely independent.
Performance
ONL vs. EQ - Performance Comparison
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Returns By Period
In the year-to-date period, ONL achieves a 28.74% return, which is significantly lower than EQ's 84.52% return.
ONL
- 1D
- 0.35%
- 1M
- -4.00%
- YTD
- 28.74%
- 6M
- 34.67%
- 1Y
- 47.79%
- 3Y*
- -17.67%
- 5Y*
- —
- 10Y*
- —
EQ
- 1D
- -6.23%
- 1M
- 26.55%
- YTD
- 84.52%
- 6M
- 104.29%
- 1Y
- 774.89%
- 3Y*
- 59.11%
- 5Y*
- -13.72%
- 10Y*
- —
ONL vs. EQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ONL Orion Office REIT Inc. | 28.74% | -36.91% | -27.43% | -28.36% | -52.44% | -15.71% |
EQ Equillium Inc | 84.52% | 107.16% | 3.49% | -31.79% | -71.88% | -32.07% |
Correlation
The correlation between ONL and EQ is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2021 | 0.08 |
The correlation between ONL and EQ shifts across timeframes, from -0.01 (1 year) to 0.10 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
ONL:
$162.91M
EQ:
$275.36M
ONL:
-$2.55
EQ:
-$0.29
ONL:
0.27
EQ:
4.63
ONL:
$145.92M
EQ:
$0.00
ONL:
$82.76M
EQ:
-$83.00K
ONL:
-$71.64M
EQ:
-$19.95M
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Return for Risk
ONL vs. EQ — Risk / Return Rank
ONL
EQ
ONL vs. EQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Orion Office REIT Inc. (ONL) and Equillium Inc (EQ). 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 | EQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.55 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 13.54 | -12.24 |
| Martin ratioReturn relative to average drawdown | 2.74 | 29.99 | -27.25 |
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Drawdowns
ONL vs. EQ - Drawdown Comparison
The maximum ONL drawdown since its inception was -91.38%, smaller than the maximum EQ drawdown of -98.91%. Use the drawdown chart below to compare losses from any high point for ONL and EQ.
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Drawdown Indicators
| ONL | EQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.38% | -98.91% | +7.53% |
Max Drawdown (1Y)Largest decline over 1 year | -36.80% | -57.79% | +20.99% |
Max Drawdown (3Y)Largest decline over 3 years | -74.20% | -90.33% | +16.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -95.85% | — |
Current DrawdownCurrent decline from peak | -83.07% | -89.21% | +6.14% |
Average DrawdownAverage peak-to-trough decline | -69.52% | -84.97% | +15.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.51% | 26.05% | -8.54% |
Volatility
ONL vs. EQ - Volatility Comparison
The current volatility for Orion Office REIT Inc. (ONL) is 7.15%, while Equillium Inc (EQ) has a volatility of 27.71%. This indicates that ONL experiences smaller price fluctuations and is considered to be less risky than EQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONL | EQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.15% | 27.71% | -20.56% |
Volatility (6M)Calculated over the trailing 6-month period | 36.99% | 75.21% | -38.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.87% | 166.09% | -115.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.14% | 114.86% | -66.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.14% | 287.98% | -239.84% |
Dividends
ONL vs. EQ - Dividend Comparison
ONL's dividend yield for the trailing twelve months is around 2.78%, while EQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EQ Equillium Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ONL Orion Office REIT Inc. | 2.78% | 3.54% | 10.78% | 6.99% | 4.68% |
Financials
ONL vs. EQ - Financials Comparison
This section allows you to compare key financial metrics between Orion Office REIT Inc. and Equillium 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
Frequently Asked Questions
ONL and EQ have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EQ has higher volatility (27.71%) compared to ONL (7.15%). In terms of maximum drawdown, ONL dropped -91.38% vs EQ's -98.91%.
EQ currently has the higher Sharpe Ratio (4.72 vs 0.95), 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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