CLPS vs OMER: Correlation
CLPS Incorporation (CLPS) and Omeros Corporation (OMER) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLPS and OMER?
Over the past 3 years, CLPS and OMER moved with a correlation of 0.30, which is moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.30 over 3. Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 1975.1 %².
Few assets follow CLPS as closely as OMER, which ranks #2 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months OMER outperformed by 350.0 percentage points (+2.9% for CLPS against +352.9% for OMER). Note the risk asymmetry: OMER runs 2.1 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.
CLPS vs OMER: side by side
| CLPS (CLPS Incorporation) | OMER (Omeros Corporation) | |
|---|---|---|
| 1-year return | +2.9% | +352.9% |
| 5-year return | -61.2% | +22.7% |
| Volatility (ann.) | 56.0% | 119.0% |
| Beta vs S&P 500 | 0.17 | 1.80 |
| Max drawdown (3Y) | -50.4% | -75.6% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | 11.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLPS | OMER |
|---|---|---|
| 2022 | -40.3% | -64.9% |
| 2023 | +0.7% | +44.7% |
| 2024 | +22.7% | +202.1% |
| 2025 | -31.4% | +73.9% |
| 2026 | +33.3% | +12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPS and OMER good diversifiers for each other?
Reasonably. At 0.30, CLPS and OMER keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CLPS and OMER?
The CLPS/OMER correlation stands at 0.30 on a 3-year window (1 year: 0.39, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is OMER a good diversifier for CLPS?
Reasonably. At 0.30, CLPS and OMER keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clps-vs-omer.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clps-vs-omer/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLPS correlations · OMER correlations
