OUST vs SLDP: Correlation
Measured on weekly returns over the past three years, Ouster, Inc. (OUST) and Solid Power, Inc. (SLDP) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OUST and SLDP?
On 3 years of weekly data the OUST/SLDP correlation comes out at 0.46, moderate. The past 12 months show a weaker link (0.36) than the 3-year average (0.46). The 5-year figure is 0.42, and annualized covariance runs at 4134.7 %².
Among the 14 assets we track against OUST, SLDP ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with OUST ahead by 67.1 points (+20.7% versus -46.4%).
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.
OUST vs SLDP: side by side
| OUST (Ouster, Inc.) | SLDP (Solid Power, Inc.) | |
|---|---|---|
| 1-year return | +20.7% | -46.4% |
| 5-year return | -56.2% | -76.1% |
| Volatility (ann.) | 102.7% | 87.4% |
| Beta vs S&P 500 | 2.63 | 1.88 |
| Max drawdown (3Y) | -64.0% | -76.5% |
| Market cap | $2.6B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OUST | SLDP |
|---|---|---|
| 2022 | -83.4% | -70.9% |
| 2023 | -11.1% | -42.9% |
| 2024 | +59.3% | +30.3% |
| 2025 | +77.1% | +124.9% |
| 2026 | +68.9% | -44.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OUST and SLDP good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OUST and SLDP?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.36 over the last year and 0.42 over 5 years.
Is SLDP a good diversifier for OUST?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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/oust-vs-sldp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/oust-vs-sldp/)
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Related comparisons
Hubs: OUST correlations · SLDP correlations
