LUCY vs ONMD: Correlation
Innovative Eyewear, Inc. (LUCY) and OneMedNet Corp (ONMD) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LUCY and ONMD?
Across a 3-year window, the weekly returns of LUCY and ONMD correlate at 0.68, strong. Lately the two have drifted apart, with the 1-year correlation at 0.07 versus 0.68 over 3 years. Stretching to 5 years gives 0.60, with an annualized covariance of 52176.1 %².
ONMD is one of the assets that tracks LUCY most closely: it ranks #1 out of the 16 assets we track against LUCY. The last year tells two different stories: ONMD led by 23.4 percentage points, -51.7% for LUCY against -28.3% for ONMD.
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.
LUCY vs ONMD: side by side
| LUCY (Innovative Eyewear, Inc.) | ONMD (OneMedNet Corp) | |
|---|---|---|
| 1-year return | -51.7% | -28.3% |
| 5-year return | n/a | -94.1% |
| Volatility (ann.) | 259.2% | 295.9% |
| Beta vs S&P 500 | 1.73 | -0.51 |
| Max drawdown (3Y) | -96.7% | -97.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LUCY | ONMD |
|---|---|---|
| 2022 | – | +3.4% |
| 2023 | -69.2% | -92.2% |
| 2024 | -41.7% | +67.9% |
| 2025 | -79.7% | -19.1% |
| 2026 | -5.6% | -46.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUCY and ONMD good diversifiers for each other?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LUCY and ONMD?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.07 over the last year and 0.60 over 5 years.
Is ONMD a good diversifier for LUCY?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.68 mean?
A reading of 0.68 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/lucy-vs-onmd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lucy-vs-onmd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LUCY correlations · ONMD correlations
