LXRX vs OCUL: Correlation
Measured on weekly returns over the past three years, Lexicon Pharmaceuticals, Inc. (LXRX) and Ocular Therapeutix, Inc. (OCUL) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LXRX and OCUL?
Over the past 3 years, LXRX and OCUL moved with a correlation of 0.38, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.38 over 3 years. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 3141.7 %².
Among the 11 assets we track against LXRX, OCUL ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LXRX ahead by 117.5 points (+105.3% versus -12.2%).
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.
LXRX vs OCUL: side by side
| LXRX (Lexicon Pharmaceuticals, Inc.) | OCUL (Ocular Therapeutix, Inc.) | |
|---|---|---|
| 1-year return | +105.3% | -12.2% |
| 5-year return | -48.7% | +0.7% |
| Volatility (ann.) | 105.2% | 77.8% |
| Beta vs S&P 500 | 1.98 | 1.80 |
| Max drawdown (3Y) | -91.9% | -61.6% |
| Market cap | $1.0B | $2.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LXRX | OCUL |
|---|---|---|
| 2022 | -51.5% | -59.7% |
| 2023 | -19.9% | +58.7% |
| 2024 | -51.6% | +91.5% |
| 2025 | +55.4% | +42.2% |
| 2026 | +101.7% | -10.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LXRX and OCUL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LXRX and OCUL?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.16 over the last year and 0.37 over 5 years.
Is OCUL a good diversifier for LXRX?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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.
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Related comparisons
Hubs: LXRX correlations · OCUL correlations
