AURA vs OCUL: Correlation
Aura Biosciences, Inc. (AURA) and Ocular Therapeutix, Inc. (OCUL) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AURA and OCUL?
On 3 years of weekly data the AURA/OCUL correlation comes out at 0.52, moderate. The past 12 months show a weaker link (0.22) than the 3-year average (0.52). The 5-year figure is 0.34, and annualized covariance runs at 2839.7 %².
By 3-year correlation, OCUL places #6 of the 18 assets tracked against AURA. Correlation aside, the last 12 months split them widely, with AURA ahead by 31.8 points (+19.6% versus -12.2%).
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.
AURA vs OCUL: side by side
| AURA (Aura Biosciences, Inc.) | OCUL (Ocular Therapeutix, Inc.) | |
|---|---|---|
| 1-year return | +19.6% | -12.2% |
| 5-year return | -48.0% | +0.7% |
| Volatility (ann.) | 70.5% | 77.8% |
| Beta vs S&P 500 | 2.01 | 1.80 |
| Max drawdown (3Y) | -59.1% | -61.6% |
| Market cap | $0.8B | $2.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AURA | OCUL |
|---|---|---|
| 2022 | -38.2% | -59.7% |
| 2023 | -15.6% | +58.7% |
| 2024 | -7.2% | +91.5% |
| 2025 | -33.7% | +42.2% |
| 2026 | +41.3% | -10.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AURA and OCUL good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AURA and OCUL?
As of 2026-08-27, the correlation of weekly returns between AURA and OCUL is 0.52 over 3 years, 0.22 over 1 year and 0.34 over 5 years.
Is OCUL a good diversifier for AURA?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 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/aura-vs-ocul.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aura-vs-ocul/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AURA correlations · OCUL correlations
