ONL vs. TRIN
ONL (Orion Office REIT Inc.) and TRIN (Trinity Capital Inc.) are both stocks. ONL operates in REIT - Office (Real Estate), while TRIN operates in Asset Management (Financial Services). Over the past 3 years, ONL returned -17.57%/yr vs 28.21%/yr for TRIN. At a 0.27 correlation, their price movements are largely independent.
Performance
ONL vs. TRIN - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ONL having a 29.19% return and TRIN slightly higher at 30.54%.
ONL
- 1D
- 0.35%
- 1M
- -3.67%
- YTD
- 29.19%
- 6M
- 35.14%
- 1Y
- 23.28%
- 3Y*
- -17.57%
- 5Y*
- —
- 10Y*
- —
TRIN
- 1D
- 0.06%
- 1M
- 9.86%
- YTD
- 30.54%
- 6M
- 30.19%
- 1Y
- 49.56%
- 3Y*
- 28.21%
- 5Y*
- 20.59%
- 10Y*
- —
ONL vs. TRIN - 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% |
TRIN Trinity Capital Inc. | 30.54% | 16.01% | 14.83% | 53.97% | -26.60% | 3.79% |
Correlation
The correlation between ONL and TRIN is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2021 | 0.27 |
Fundamentals
ONL:
$163.47M
TRIN:
$1.41B
ONL:
-$2.55
TRIN:
$2.07
ONL:
1.12
TRIN:
4.56
ONL:
0.27
TRIN:
1.21
ONL:
$145.92M
TRIN:
$276.05M
ONL:
$82.76M
TRIN:
$219.75M
ONL:
-$71.64M
TRIN:
$195.35M
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Return for Risk
ONL vs. TRIN — Risk / Return Rank
ONL
TRIN
ONL vs. TRIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Orion Office REIT Inc. (ONL) and Trinity Capital Inc. (TRIN). 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 | TRIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.40 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 3.32 | -2.69 |
| Martin ratioReturn relative to average drawdown | 1.34 | 8.36 | -7.02 |
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Drawdowns
ONL vs. TRIN - Drawdown Comparison
The maximum ONL drawdown since its inception was -91.38%, which is greater than TRIN's maximum drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for ONL and TRIN.
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Drawdown Indicators
| ONL | TRIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.38% | -43.12% | -48.26% |
Max Drawdown (1Y)Largest decline over 1 year | -36.80% | -14.99% | -21.81% |
Max Drawdown (3Y)Largest decline over 3 years | -74.20% | -15.58% | -58.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.12% | — |
Current DrawdownCurrent decline from peak | -83.01% | -0.06% | -82.95% |
Average DrawdownAverage peak-to-trough decline | -69.53% | -8.87% | -60.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.51% | 5.95% | +11.56% |
Volatility
ONL vs. TRIN - Volatility Comparison
The current volatility for Orion Office REIT Inc. (ONL) is 7.01%, while Trinity Capital Inc. (TRIN) has a volatility of 7.92%. This indicates that ONL experiences smaller price fluctuations and is considered to be less risky than TRIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONL | TRIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 7.92% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 36.98% | 16.50% | +20.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.76% | 21.07% | +29.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.12% | 26.75% | +21.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.12% | 27.02% | +21.10% |
Dividends
ONL vs. TRIN - Dividend Comparison
ONL's dividend yield for the trailing twelve months is around 2.77%, less than TRIN's 20.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ONL Orion Office REIT Inc. | 2.77% | 3.54% | 10.78% | 6.99% | 4.68% | 0.00% |
TRIN Trinity Capital Inc. | 20.93% | 13.92% | 14.10% | 14.04% | 21.32% | 7.17% |
Financials
ONL vs. TRIN - Financials Comparison
This section allows you to compare key financial metrics between Orion Office REIT Inc. and Trinity Capital 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. TRIN - 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%.
TRIN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Trinity Capital Inc. reported a gross profit of 66.05M and revenue of 83.32M. Therefore, the gross margin over that period was 79.3%.
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%.
TRIN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Trinity Capital Inc. reported an operating income of 61.68M and revenue of 83.32M, resulting in an operating margin of 74.0%.
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%.
TRIN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Trinity Capital Inc. reported a net income of 45.52M and revenue of 83.32M, resulting in a net margin of 54.6%.
Frequently Asked Questions
ONL and TRIN have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRIN has higher volatility (7.92%) compared to ONL (7.01%). In terms of maximum drawdown, ONL dropped -91.38% vs TRIN's -43.12%.
TRIN currently has the higher Sharpe Ratio (2.36 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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