KMDA vs OCS: Correlation
Measured on weekly returns over the past three years, Kamada Ltd. (KMDA) and Oculis Holding AG (OCS) 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 KMDA and OCS?
On 3 years of weekly data the KMDA/OCS correlation comes out at 0.37, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.51 versus 0.37 over 3 years. The 5-year figure is 0.27, and annualized covariance runs at 774.2 %².
By 3-year correlation, OCS places #6 of the 13 assets tracked against KMDA. The last year tells two different stories: KMDA led by 47.7 percentage points, +19.4% for KMDA against -28.3% for OCS. Risk is not evenly split, since OCS carries 1.6 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.
KMDA vs OCS: side by side
| KMDA (Kamada Ltd.) | OCS (Oculis Holding AG) | |
|---|---|---|
| 1-year return | +19.4% | -28.3% |
| 5-year return | +62.4% | +28.5% |
| Volatility (ann.) | 36.7% | 57.7% |
| Beta vs S&P 500 | 0.75 | 0.76 |
| Max drawdown (3Y) | -28.9% | -67.2% |
| Market cap | $0.5B | $0.7B |
| P/E (trailing) | 22.3 | – |
| Dividend yield | 3.05% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KMDA | OCS |
|---|---|---|
| 2022 | -39.1% | +4.2% |
| 2023 | +52.6% | +11.2% |
| 2024 | -0.5% | +51.4% |
| 2025 | +19.2% | +17.5% |
| 2026 | +20.5% | -37.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMDA and OCS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KMDA and OCS?
As of 2026-08-27, the correlation of weekly returns between KMDA and OCS is 0.37 over 3 years, 0.51 over 1 year and 0.27 over 5 years.
Is OCS a good diversifier for KMDA?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/kmda-vs-ocs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kmda-vs-ocs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KMDA correlations · OCS correlations
