OVID vs XFOR: Correlation
Ovid Therapeutics Inc. (OVID) and X4 Pharmaceuticals, Inc. (XFOR) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OVID and XFOR?
Over the past 3 years, OVID and XFOR moved with a correlation of 0.45, which is moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 5682.6 %².
Few assets follow OVID as closely as XFOR, which ranks #3 of 14 tracked partners. Correlation aside, the last 12 months split them widely, with OVID ahead by 132.5 points (+132.5% versus +0.0%).
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 XFOR: side by side
| OVID (Ovid Therapeutics Inc.) | XFOR (X4 Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +132.5% | +0.0% |
| 5-year return | -16.5% | -97.2% |
| Volatility (ann.) | 103.3% | 121.6% |
| Beta vs S&P 500 | 2.01 | 1.66 |
| Max drawdown (3Y) | -93.7% | -96.8% |
| Market cap | $0.6B | $0.4B |
| P/E (trailing) | – | 2.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OVID | XFOR |
|---|---|---|
| 2022 | -42.1% | -56.6% |
| 2023 | +73.1% | -15.5% |
| 2024 | -71.0% | -12.5% |
| 2025 | +74.5% | -81.8% |
| 2026 | +79.8% | +5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OVID and XFOR good diversifiers for each other?
Reasonably. At 0.45, OVID and XFOR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OVID and XFOR?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.47 over the last year and 0.36 over 5 years.
Is XFOR a good diversifier for OVID?
Reasonably. At 0.45, OVID and XFOR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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-xfor.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ovid-vs-xfor/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OVID correlations · XFOR correlations
