OCS vs RJET: Correlation
How closely do Oculis Holding AG (OCS) and Republic Airways Holdings Inc. (RJET) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OCS and RJET?
Across a 3-year window, the weekly returns of OCS and RJET correlate at 0.33, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.51 versus 0.33 over 3 years. Stretching to 5 years gives 0.30, with an annualized covariance of 1682.0 %².
Within OCS's tracked universe of 16 assets, RJET comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RJET outperformed by 28.8 percentage points (-28.3% for OCS against +0.5% for RJET). Note the risk asymmetry: RJET runs 1.5 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 RJET: side by side
| OCS (Oculis Holding AG) | RJET (Republic Airways Holdings Inc.) | |
|---|---|---|
| 1-year return | -28.3% | +0.5% |
| 5-year return | +28.5% | -84.5% |
| Volatility (ann.) | 57.7% | 89.1% |
| Beta vs S&P 500 | 0.76 | 1.76 |
| Max drawdown (3Y) | -67.2% | -70.7% |
| Market cap | $0.7B | $0.9B |
| P/E (trailing) | – | 12.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OCS | RJET |
|---|---|---|
| 2022 | +4.2% | -72.7% |
| 2023 | +11.2% | -34.0% |
| 2024 | +51.4% | +14.9% |
| 2025 | +17.5% | +5.6% |
| 2026 | -37.8% | +0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OCS and RJET good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between OCS and RJET?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.51 over the last year and 0.30 over 5 years.
Is RJET a good diversifier for OCS?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ocs-vs-rjet.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ocs-vs-rjet/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OCS correlations · RJET correlations
