OCS vs SOAR: Correlation
Measured on weekly returns over the past three years, Oculis Holding AG (OCS) and Volato Group, Inc. (SOAR) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OCS and SOAR?
Over the past 3 years, OCS and SOAR moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.46) than the 3-year average (-0.24). Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -1940.3 %².
Among the 16 assets we track against OCS, SOAR ranks #10 by 3-year correlation. The last year tells two different stories: OCS led by 58.6 percentage points, -28.3% for OCS against -86.9% for SOAR. Note the risk asymmetry: SOAR runs 2.4 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 SOAR: side by side
| OCS (Oculis Holding AG) | SOAR (Volato Group, Inc.) | |
|---|---|---|
| 1-year return | -28.3% | -86.9% |
| 5-year return | +28.5% | -99.9% |
| Volatility (ann.) | 57.7% | 140.6% |
| Beta vs S&P 500 | 0.76 | 1.26 |
| Max drawdown (3Y) | -67.2% | -100.0% |
| 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 | SOAR |
|---|---|---|
| 2022 | +4.2% | – |
| 2023 | +11.2% | -62.9% |
| 2024 | +51.4% | -93.5% |
| 2025 | +17.5% | -88.2% |
| 2026 | -37.8% | -68.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OCS and SOAR good diversifiers for each other?
Yes. With a correlation of -0.24, OCS and SOAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between OCS and SOAR?
As of 2026-08-27, the correlation of weekly returns between OCS and SOAR is -0.24 over 3 years, -0.46 over 1 year and -0.22 over 5 years.
Is SOAR a good diversifier for OCS?
Yes. With a correlation of -0.24, OCS and SOAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/ocs-vs-soar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ocs-vs-soar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OCS correlations · SOAR correlations
