ACXP vs OFS: Correlation
Acurx Pharmaceuticals, Inc. (ACXP) and OFS Capital Corporation - Closed End Fund (OFS) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACXP and OFS?
On 3 years of weekly data the ACXP/OFS correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.36) sits close to the 3-year figure. The 5-year figure is -0.20, and annualized covariance runs at -1614.0 %².
OFS is close to the least connected end of ACXP's tracked universe, ranking #28 of 32. Their recent paths diverged sharply: over the last 12 months OFS outperformed by 22.6 percentage points (-70.0% for ACXP against -47.4% for OFS). Note the risk asymmetry: ACXP runs 5.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACXP vs OFS: side by side
| ACXP (Acurx Pharmaceuticals, Inc.) | OFS (OFS Capital Corporation - Closed End Fund) | |
|---|---|---|
| 1-year return | -70.0% | -47.4% |
| 5-year return | -98.5% | -31.5% |
| Volatility (ann.) | 170.6% | 34.0% |
| Beta vs S&P 500 | -0.66 | 0.69 |
| Max drawdown (3Y) | -98.8% | -67.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 23.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACXP | OFS |
|---|---|---|
| 2022 | -7.9% | +3.3% |
| 2023 | -3.8% | +29.9% |
| 2024 | -78.7% | -20.2% |
| 2025 | -84.7% | -31.6% |
| 2026 | -41.4% | -14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACXP and OFS good diversifiers for each other?
Yes. With a correlation of -0.28, ACXP and OFS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACXP and OFS?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.36 over the last year and -0.20 over 5 years.
Is OFS a good diversifier for ACXP?
Yes. With a correlation of -0.28, ACXP and OFS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ACXP correlations · OFS correlations
