NYXH vs OCS: Correlation
Measured on weekly returns over the past three years, Nyxoah SA (NYXH) and Oculis Holding AG (OCS) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NYXH and OCS?
On 3 years of weekly data the NYXH/OCS correlation comes out at 0.45, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.68 versus 0.45 over 3 years. The 5-year figure is 0.38, and annualized covariance runs at 2551.3 %².
By 3-year correlation, OCS places #4 of the 10 assets tracked against NYXH. Their recent paths diverged sharply: over the last 12 months OCS outperformed by 46.3 percentage points (-74.6% for NYXH against -28.3% for OCS). Risk is not evenly split, since NYXH carries 1.7 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.
NYXH vs OCS: side by side
| NYXH (Nyxoah SA) | OCS (Oculis Holding AG) | |
|---|---|---|
| 1-year return | -74.6% | -28.3% |
| 5-year return | -94.7% | +28.5% |
| Volatility (ann.) | 98.9% | 57.7% |
| Beta vs S&P 500 | 1.24 | 0.76 |
| Max drawdown (3Y) | -93.3% | -67.2% |
| Market cap | $0.2B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NYXH | OCS |
|---|---|---|
| 2022 | -78.3% | +4.2% |
| 2023 | -7.0% | +11.2% |
| 2024 | +72.4% | +51.4% |
| 2025 | -42.5% | +17.5% |
| 2026 | -65.9% | -37.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NYXH and OCS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NYXH and OCS?
The NYXH/OCS correlation stands at 0.45 on a 3-year window (1 year: 0.68, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is OCS a good diversifier for NYXH?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/nyxh-vs-ocs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nyxh-vs-ocs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NYXH correlations · OCS correlations
