CBOE vs OCS: Correlation
How closely do Cboe Global Markets (CBOE) and Oculis Holding AG (OCS) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBOE and OCS?
On 3 years of weekly data the CBOE/OCS correlation comes out at 0.30, moderate. The link has tightened recently: the 1-year correlation (0.41) runs above the 3-year figure (0.30). The 5-year figure is 0.23, and annualized covariance runs at 448.9 %².
Within CBOE's tracked universe of 39 assets, OCS comes in at #6 by 3-year correlation. The last year tells two different stories: CBOE led by 60.8 percentage points, +32.5% for CBOE against -28.3% for OCS. Risk is not evenly split, since OCS carries 2.2 times the volatility of the other side.
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.
CBOE vs OCS: side by side
| CBOE (Cboe Global Markets) | OCS (Oculis Holding AG) | |
|---|---|---|
| 1-year return | +32.5% | -28.3% |
| 5-year return | +168.0% | +28.5% |
| Volatility (ann.) | 26.1% | 57.7% |
| Beta vs S&P 500 | 0.09 | 0.76 |
| Max drawdown (3Y) | -36.7% | -67.2% |
| Market cap | $32.8B | $0.7B |
| P/E (trailing) | 24.5 | – |
| Dividend yield | 0.92% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CBOE | OCS |
|---|---|---|
| 2022 | -2.2% | +4.2% |
| 2023 | +44.4% | +11.2% |
| 2024 | +10.7% | +51.4% |
| 2025 | +29.2% | +17.5% |
| 2026 | +25.7% | -37.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBOE and OCS good diversifiers for each other?
Reasonably. At 0.30, CBOE and OCS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CBOE and OCS?
As of 2026-08-27, the correlation of weekly returns between CBOE and OCS is 0.30 over 3 years, 0.41 over 1 year and 0.23 over 5 years.
Is OCS a good diversifier for CBOE?
Reasonably. At 0.30, CBOE and OCS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cboe-vs-ocs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cboe-vs-ocs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBOE correlations · OCS correlations
