FULC vs OPAD: Correlation
How closely do Fulcrum Therapeutics, Inc. (FULC) and Offerpad Solutions Inc. (OPAD) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FULC and OPAD?
Across a 3-year window, the weekly returns of FULC and OPAD correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.48 versus -0.26 over 3 years. Stretching to 5 years gives -0.15, with an annualized covariance of -10765.6 %².
Out of 11 assets tracked against FULC, OPAD lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months OPAD outperformed by 75.2 percentage points (-41.9% for FULC against +33.3% for OPAD). Note the risk asymmetry: OPAD runs 4.7 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.
FULC vs OPAD: side by side
| FULC (Fulcrum Therapeutics, Inc.) | OPAD (Offerpad Solutions Inc.) | |
|---|---|---|
| 1-year return | -41.9% | +33.3% |
| 5-year return | -86.0% | -96.7% |
| Volatility (ann.) | 92.9% | 440.7% |
| Beta vs S&P 500 | 1.49 | -1.25 |
| Max drawdown (3Y) | -79.1% | -95.6% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FULC | OPAD |
|---|---|---|
| 2022 | -58.8% | -92.8% |
| 2023 | -7.3% | +48.2% |
| 2024 | -30.4% | -72.2% |
| 2025 | +140.6% | -57.5% |
| 2026 | -66.0% | +270.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FULC and OPAD good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between FULC and OPAD?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.48 over the last year and -0.15 over 5 years.
Is OPAD a good diversifier for FULC?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 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/fulc-vs-opad.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fulc-vs-opad/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FULC correlations · OPAD correlations
