ALXO vs EYPT: Correlation
How closely do ALX Oncology Holdings Inc. (ALXO) and EyePoint, Inc. (EYPT) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALXO and EYPT?
Over the past 3 years, ALXO and EYPT moved with a correlation of 0.35, which is moderate. The link has loosened recently: the 1-year correlation (0.07) runs below the 3-year figure (0.35). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 5879.2 %².
By 3-year correlation, EYPT places #5 of the 11 assets tracked against ALXO. Their recent paths diverged sharply: over the last 12 months ALXO outperformed by 131.7 percentage points (+70.8% for ALXO against -60.9% for EYPT).
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.
ALXO vs EYPT: side by side
| ALXO (ALX Oncology Holdings Inc.) | EYPT (EyePoint, Inc.) | |
|---|---|---|
| 1-year return | +70.8% | -60.9% |
| 5-year return | -97.2% | -54.3% |
| Volatility (ann.) | 117.5% | 141.5% |
| Beta vs S&P 500 | 1.42 | 2.40 |
| Max drawdown (3Y) | -97.7% | -86.1% |
| Market cap | $0.3B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALXO | EYPT |
|---|---|---|
| 2022 | -47.6% | -71.4% |
| 2023 | +32.1% | +560.3% |
| 2024 | -88.8% | -67.8% |
| 2025 | -32.3% | +145.2% |
| 2026 | +81.4% | -74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALXO and EYPT good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALXO and EYPT?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.07 over the last year and 0.34 over 5 years.
Is EYPT a good diversifier for ALXO?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alxo-vs-eypt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alxo-vs-eypt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALXO correlations · EYPT correlations
