ICON vs OKYO: Correlation
Measured on weekly returns over the past three years, Icon Energy Corp. (ICON) and OKYO Pharma Limited (OKYO) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ICON and OKYO?
Over the past 3 years, ICON and OKYO moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3342.1 %².
By 3-year correlation, OKYO places #5 of the 15 assets tracked against ICON. Correlation aside, the last 12 months split them widely, with OKYO ahead by 59.7 points (-91.1% versus -31.4%).
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.
ICON vs OKYO: side by side
| ICON (Icon Energy Corp.) | OKYO (OKYO Pharma Limited) | |
|---|---|---|
| 1-year return | -91.1% | -31.4% |
| 5-year return | n/a | -57.2% |
| Volatility (ann.) | 114.3% | 76.6% |
| Beta vs S&P 500 | 2.01 | 0.56 |
| Max drawdown (3Y) | -99.9% | -69.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ICON | OKYO |
|---|---|---|
| 2023 | – | -7.3% |
| 2024 | – | -35.0% |
| 2025 | -99.2% | +80.0% |
| 2026 | -71.1% | -25.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICON and OKYO good diversifiers for each other?
Reasonably. At 0.37, ICON and OKYO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ICON and OKYO?
The ICON/OKYO correlation stands at 0.37 on a 3-year window (1 year: 0.31, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is OKYO a good diversifier for ICON?
Reasonably. At 0.37, ICON and OKYO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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/icon-vs-okyo.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: ICON correlations · OKYO correlations
