OCGN vs VGAS: Correlation
Ocugen, Inc. (OCGN) and Verde Clean Fuels, Inc. (VGAS) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OCGN and VGAS?
On 3 years of weekly data the OCGN/VGAS correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.43 over 3. The 5-year figure is 0.19, and annualized covariance runs at 3922.0 %².
VGAS is one of the assets that tracks OCGN most closely: it ranks #3 out of the 12 assets we track against OCGN. Correlation aside, the last 12 months split them widely, with OCGN ahead by 86.2 points (+31.7% versus -54.5%).
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.
OCGN vs VGAS: side by side
| OCGN (Ocugen, Inc.) | VGAS (Verde Clean Fuels, Inc.) | |
|---|---|---|
| 1-year return | +31.7% | -54.5% |
| 5-year return | -81.2% | -86.2% |
| Volatility (ann.) | 95.8% | 94.3% |
| Beta vs S&P 500 | 1.22 | 0.91 |
| Max drawdown (3Y) | -73.9% | -82.3% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OCGN | VGAS |
|---|---|---|
| 2022 | -71.4% | -8.2% |
| 2023 | -55.8% | -74.1% |
| 2024 | +40.0% | +72.2% |
| 2025 | +67.7% | -49.3% |
| 2026 | +1.5% | -34.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OCGN and VGAS good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OCGN and VGAS?
As of 2026-08-27, the correlation of weekly returns between OCGN and VGAS is 0.43 over 3 years, 0.45 over 1 year and 0.19 over 5 years.
Is VGAS a good diversifier for OCGN?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 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/ocgn-vs-vgas.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ocgn-vs-vgas/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OCGN correlations · VGAS correlations
