ARQT vs OCUL: Correlation
How closely do Arcutis Biotherapeutics, Inc. (ARQT) and Ocular Therapeutix, Inc. (OCUL) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARQT and OCUL?
Over the past 3 years, ARQT and OCUL moved with a correlation of 0.47, which is moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.47). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 2969.7 %².
In ARQT's tracked universe of 10 assets, OCUL sits right near the top at #2. The last year tells two different stories: ARQT led by 71.1 percentage points, +58.9% for ARQT against -12.2% for OCUL.
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.
ARQT vs OCUL: side by side
| ARQT (Arcutis Biotherapeutics, Inc.) | OCUL (Ocular Therapeutix, Inc.) | |
|---|---|---|
| 1-year return | +58.9% | -12.2% |
| 5-year return | +18.0% | +0.7% |
| Volatility (ann.) | 81.9% | 77.8% |
| Beta vs S&P 500 | 1.10 | 1.80 |
| Max drawdown (3Y) | -79.5% | -61.6% |
| Market cap | $3.1B | $2.4B |
| P/E (trailing) | 113.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARQT | OCUL |
|---|---|---|
| 2022 | -28.6% | -59.7% |
| 2023 | -78.2% | +58.7% |
| 2024 | +331.3% | +91.5% |
| 2025 | +108.5% | +42.2% |
| 2026 | -14.4% | -10.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARQT and OCUL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARQT and OCUL?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.23 over the last year and 0.37 over 5 years.
Is OCUL a good diversifier for ARQT?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 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/arqt-vs-ocul.json
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Related comparisons
Hubs: ARQT correlations · OCUL correlations
