JBIO vs OVID: Correlation
Measured on weekly returns over the past three years, Jade Biosciences, Inc. (JBIO) and Ovid Therapeutics Inc. (OVID) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBIO and OVID?
On 3 years of weekly data the JBIO/OVID correlation comes out at 0.35, moderate. Recent behaviour matches the longer record: 0.32 over 1 year against 0.35 over 3. The 5-year figure is 0.26, and annualized covariance runs at 3826.4 %².
Few assets follow JBIO as closely as OVID, which ranks #1 of 15 tracked partners. Their recent paths diverged sharply: over the last 12 months JBIO outperformed by 35.3 percentage points (+167.8% for JBIO against +132.5% for OVID).
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.
JBIO vs OVID: side by side
| JBIO (Jade Biosciences, Inc.) | OVID (Ovid Therapeutics Inc.) | |
|---|---|---|
| 1-year return | +167.8% | +132.5% |
| 5-year return | -96.3% | -16.5% |
| Volatility (ann.) | 106.5% | 103.3% |
| Beta vs S&P 500 | 0.77 | 2.01 |
| Max drawdown (3Y) | -99.4% | -93.7% |
| Market cap | $1.4B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JBIO | OVID |
|---|---|---|
| 2022 | +148.5% | -42.1% |
| 2023 | -22.8% | +73.1% |
| 2024 | -88.3% | -71.0% |
| 2025 | -82.9% | +74.5% |
| 2026 | +38.0% | +79.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBIO and OVID good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between JBIO and OVID?
The JBIO/OVID correlation stands at 0.35 on a 3-year window (1 year: 0.32, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is OVID a good diversifier for JBIO?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 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/jbio-vs-ovid.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jbio-vs-ovid/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JBIO correlations · OVID correlations
