AMPX vs IRD: Correlation
Amprius Technologies, Inc. (AMPX) and Opus Genetics, Inc. (IRD) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMPX and IRD?
Across a 3-year window, the weekly returns of AMPX and IRD correlate at 0.37, moderate. Recent behaviour matches the longer record: 0.27 over 1 year against 0.37 over 3. Stretching to 5 years gives 0.24, with an annualized covariance of 2972.2 %².
Within AMPX's tracked universe of 15 assets, IRD comes in at #8 by 3-year correlation. The last year tells two different stories: IRD led by 176.8 percentage points, +44.0% for AMPX against +220.8% for IRD. Note the risk asymmetry: AMPX runs 1.6 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.
AMPX vs IRD: side by side
| AMPX (Amprius Technologies, Inc.) | IRD (Opus Genetics, Inc.) | |
|---|---|---|
| 1-year return | +44.0% | +220.8% |
| 5-year return | n/a | -11.9% |
| Volatility (ann.) | 111.6% | 71.4% |
| Beta vs S&P 500 | 2.16 | 0.63 |
| Max drawdown (3Y) | -87.3% | -82.6% |
| Market cap | $1.5B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMPX | IRD |
|---|---|---|
| 2022 | – | -5.4% |
| 2023 | -33.3% | -14.7% |
| 2024 | -47.1% | -60.5% |
| 2025 | +181.8% | +68.9% |
| 2026 | +33.2% | +91.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMPX and IRD good diversifiers for each other?
Reasonably. At 0.37, AMPX and IRD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AMPX and IRD?
As of 2026-08-27, the correlation of weekly returns between AMPX and IRD is 0.37 over 3 years, 0.27 over 1 year and 0.24 over 5 years.
Is IRD a good diversifier for AMPX?
Reasonably. At 0.37, AMPX and IRD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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: AMPX correlations · IRD correlations
