OCS vs OPAD: Correlation
Measured on weekly returns over the past three years, Oculis Holding AG (OCS) and Offerpad Solutions Inc. (OPAD) carry a correlation of -0.51, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OCS and OPAD?
On 3 years of weekly data the OCS/OPAD correlation comes out at -0.51, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.66) runs below the 3-year figure (-0.51). The 5-year figure is -0.45, and annualized covariance runs at -12846.4 %².
Among the 16 assets we track against OCS, OPAD sits near the bottom by co-movement, at rank #16. Their recent paths diverged sharply: over the last 12 months OPAD outperformed by 61.6 percentage points (-28.3% for OCS against +33.3% for OPAD). Note the risk asymmetry: OPAD runs 7.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
OCS vs OPAD: side by side
| OCS (Oculis Holding AG) | OPAD (Offerpad Solutions Inc.) | |
|---|---|---|
| 1-year return | -28.3% | +33.3% |
| 5-year return | +28.5% | -96.7% |
| Volatility (ann.) | 57.7% | 440.7% |
| Beta vs S&P 500 | 0.76 | -1.25 |
| Max drawdown (3Y) | -67.2% | -95.6% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OCS | OPAD |
|---|---|---|
| 2022 | +4.2% | -92.8% |
| 2023 | +11.2% | +48.2% |
| 2024 | +51.4% | -72.2% |
| 2025 | +17.5% | -57.5% |
| 2026 | -37.8% | +270.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OCS and OPAD good diversifiers for each other?
Yes: at -0.51, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OCS and OPAD?
As of 2026-08-27, the correlation of weekly returns between OCS and OPAD is -0.51 over 3 years, -0.66 over 1 year and -0.45 over 5 years.
Is OPAD a good diversifier for OCS?
Yes: at -0.51, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.51 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/ocs-vs-opad.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ocs-vs-opad/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OCS correlations · OPAD correlations
