KPRX vs OVID: Correlation
Kiora Pharmaceuticals, Inc. (KPRX) and Ovid Therapeutics Inc. (OVID) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KPRX and OVID?
Across a 3-year window, the weekly returns of KPRX and OVID correlate at 0.40, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.26 versus 0.40 over 3 years. Stretching to 5 years gives 0.21, with an annualized covariance of 2532.4 %².
OVID is one of the assets that tracks KPRX most closely: it ranks #2 out of the 11 assets we track against KPRX. Correlation aside, the last 12 months split them widely, with OVID ahead by 139.5 points (-7.0% versus +132.5%). One caveat on sizing: OVID is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
KPRX vs OVID: side by side
| KPRX (Kiora Pharmaceuticals, Inc.) | OVID (Ovid Therapeutics Inc.) | |
|---|---|---|
| 1-year return | -7.0% | +132.5% |
| 5-year return | -99.6% | -16.5% |
| Volatility (ann.) | 60.9% | 103.3% |
| Beta vs S&P 500 | 1.09 | 2.01 |
| Max drawdown (3Y) | -76.5% | -93.7% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KPRX | OVID |
|---|---|---|
| 2022 | -94.3% | -42.1% |
| 2023 | -84.8% | +73.1% |
| 2024 | -29.8% | -71.0% |
| 2025 | -40.3% | +74.5% |
| 2026 | +35.0% | +79.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KPRX and OVID good diversifiers for each other?
Reasonably. At 0.40, KPRX and OVID keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KPRX and OVID?
As of 2026-08-27, the correlation of weekly returns between KPRX and OVID is 0.40 over 3 years, 0.26 over 1 year and 0.21 over 5 years.
Is OVID a good diversifier for KPRX?
Reasonably. At 0.40, KPRX and OVID keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/kprx-vs-ovid.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kprx-vs-ovid/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KPRX correlations · OVID correlations
