NRIX vs OCUL: Correlation
How closely do Nurix Therapeutics, Inc. (NRIX) and Ocular Therapeutix, Inc. (OCUL) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRIX and OCUL?
Over the past 3 years, NRIX and OCUL moved with a correlation of 0.55, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.38 versus 0.55 over 3 years. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 3288.3 %².
Within NRIX's tracked universe of 13 assets, OCUL comes in at #4 by 3-year correlation. The last year tells two different stories: NRIX led by 193.6 percentage points, +181.4% for NRIX against -12.2% for OCUL.
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.
NRIX vs OCUL: side by side
| NRIX (Nurix Therapeutics, Inc.) | OCUL (Ocular Therapeutix, Inc.) | |
|---|---|---|
| 1-year return | +181.4% | -12.2% |
| 5-year return | -19.6% | +0.7% |
| Volatility (ann.) | 77.6% | 77.8% |
| Beta vs S&P 500 | 1.82 | 1.80 |
| Max drawdown (3Y) | -70.7% | -61.6% |
| Market cap | $2.8B | $2.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NRIX | OCUL |
|---|---|---|
| 2022 | -62.1% | -59.7% |
| 2023 | -6.0% | +58.7% |
| 2024 | +82.6% | +91.5% |
| 2025 | +0.7% | +42.2% |
| 2026 | +41.7% | -10.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRIX and OCUL good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NRIX and OCUL?
As of 2026-08-27, the correlation of weekly returns between NRIX and OCUL is 0.55 over 3 years, 0.38 over 1 year and 0.37 over 5 years.
Is OCUL a good diversifier for NRIX?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 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/nrix-vs-ocul.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nrix-vs-ocul/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NRIX correlations · OCUL correlations
