OVID vs TLS: Correlation
Measured on weekly returns over the past three years, Ovid Therapeutics Inc. (OVID) and Telos Corporation (TLS) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OVID and TLS?
On 3 years of weekly data the OVID/TLS correlation comes out at 0.53, moderate. The link has loosened recently: the 1-year correlation (0.20) runs below the 3-year figure (0.53). The 5-year figure is 0.41, and annualized covariance runs at 6040.6 %².
Few assets follow OVID as closely as TLS, which ranks #1 of 14 tracked partners. Their recent paths diverged sharply: over the last 12 months OVID outperformed by 149.8 percentage points (+132.5% for OVID against -17.3% for TLS).
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.
OVID vs TLS: side by side
| OVID (Ovid Therapeutics Inc.) | TLS (Telos Corporation) | |
|---|---|---|
| 1-year return | +132.5% | -17.3% |
| 5-year return | -16.5% | -85.1% |
| Volatility (ann.) | 103.3% | 110.3% |
| Beta vs S&P 500 | 2.01 | 2.54 |
| Max drawdown (3Y) | -93.7% | -58.3% |
| Market cap | $0.6B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OVID | TLS |
|---|---|---|
| 2022 | -42.1% | -67.0% |
| 2023 | +73.1% | -28.3% |
| 2024 | -71.0% | -6.3% |
| 2025 | +74.5% | +49.1% |
| 2026 | +79.8% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OVID and TLS good diversifiers for each other?
To a limited degree. At 0.53 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 OVID and TLS?
As of 2026-08-27, the correlation of weekly returns between OVID and TLS is 0.53 over 3 years, 0.20 over 1 year and 0.41 over 5 years.
Is TLS a good diversifier for OVID?
To a limited degree. At 0.53 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 0.53 mean?
A reading of 0.53 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/ovid-vs-tls.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ovid-vs-tls/)
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Related comparisons
Hubs: OVID correlations · TLS correlations
