OCUL vs SLDB: Correlation
How closely do Ocular Therapeutix, Inc. (OCUL) and Solid Biosciences Inc. (SLDB) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OCUL and SLDB?
Over the past 3 years, OCUL and SLDB moved with a correlation of 0.50, which is moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 4037.2 %².
Among the 18 assets we track against OCUL, SLDB ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SLDB outperformed by 92.4 percentage points (-12.2% for OCUL against +80.2% for SLDB).
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.
OCUL vs SLDB: side by side
| OCUL (Ocular Therapeutix, Inc.) | SLDB (Solid Biosciences Inc.) | |
|---|---|---|
| 1-year return | -12.2% | +80.2% |
| 5-year return | +0.7% | -75.0% |
| Volatility (ann.) | 77.8% | 103.6% |
| Beta vs S&P 500 | 1.80 | 2.35 |
| Max drawdown (3Y) | -61.6% | -82.9% |
| Market cap | $2.4B | $1.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OCUL | SLDB |
|---|---|---|
| 2022 | -59.7% | -79.5% |
| 2023 | +58.7% | +14.1% |
| 2024 | +91.5% | -34.9% |
| 2025 | +42.2% | +41.0% |
| 2026 | -10.9% | +79.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OCUL and SLDB good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between OCUL and SLDB?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.43 over the last year and 0.42 over 5 years.
Is SLDB a good diversifier for OCUL?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 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.
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Related comparisons
Hubs: OCUL correlations · SLDB correlations
