OCS vs XOS: Correlation
Oculis Holding AG (OCS) and Xos, Inc. (XOS) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OCS and XOS?
Across a 3-year window, the weekly returns of OCS and XOS correlate at -0.32, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.47 versus -0.32 over 3 years. Stretching to 5 years gives -0.21, with an annualized covariance of -2223.0 %².
XOS is close to the least connected end of OCS's tracked universe, ranking #12 of 16. Correlation aside, the last 12 months split them widely, with XOS ahead by 46.4 points (-28.3% versus +18.1%). Risk is not evenly split, since XOS carries 2.1 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.
OCS vs XOS: side by side
| OCS (Oculis Holding AG) | XOS (Xos, Inc.) | |
|---|---|---|
| 1-year return | -28.3% | +18.1% |
| 5-year return | +28.5% | -98.2% |
| Volatility (ann.) | 57.7% | 122.0% |
| Beta vs S&P 500 | 0.76 | 0.87 |
| Max drawdown (3Y) | -67.2% | -88.1% |
| Market cap | $0.7B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OCS | XOS |
|---|---|---|
| 2022 | +4.2% | -85.9% |
| 2023 | +11.2% | -40.0% |
| 2024 | +51.4% | -59.4% |
| 2025 | +17.5% | -44.1% |
| 2026 | -37.8% | +95.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OCS and XOS good diversifiers for each other?
Yes. With a correlation of -0.32, OCS and XOS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between OCS and XOS?
As of 2026-08-27, the correlation of weekly returns between OCS and XOS is -0.32 over 3 years, -0.47 over 1 year and -0.21 over 5 years.
Is XOS a good diversifier for OCS?
Yes. With a correlation of -0.32, OCS and XOS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 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-xos.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ocs-vs-xos/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OCS correlations · XOS correlations
