IE vs. OCUL
IE (Ivanhoe Electric Inc) and OCUL (Ocular Therapeutix, Inc.) are both stocks. IE operates in Copper (Basic Materials), while OCUL operates in Biotechnology (Healthcare). Over the past 3 years, IE returned -6.28%/yr vs 26.98%/yr for OCUL. At a 0.21 correlation, their price movements are largely independent.
Performance
IE vs. OCUL - Performance Comparison
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Returns By Period
In the year-to-date period, IE achieves a -30.41% return, which is significantly lower than OCUL's -17.87% return.
IE
- 1D
- -2.46%
- 1M
- -5.76%
- YTD
- -30.41%
- 6M
- -31.23%
- 1Y
- 41.48%
- 3Y*
- -6.28%
- 5Y*
- —
- 10Y*
- —
OCUL
- 1D
- 5.73%
- 1M
- 21.14%
- YTD
- -17.87%
- 6M
- -23.07%
- 1Y
- 22.63%
- 3Y*
- 26.98%
- 5Y*
- -7.10%
- 10Y*
- 6.79%
IE vs. OCUL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IE Ivanhoe Electric Inc | -30.41% | 111.66% | -25.10% | -17.04% | 3.40% |
OCUL Ocular Therapeutix, Inc. | -17.87% | 42.15% | 91.48% | 58.72% | -31.63% |
Correlation
The correlation between IE and OCUL is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.21 |
Fundamentals
IE:
$1.76B
OCUL:
$2.23B
IE:
-$0.83
OCUL:
-$1.45
IE:
465.67
OCUL:
38.49
IE:
3.26
OCUL:
3.84
IE:
$3.37M
OCUL:
$52.04M
IE:
-$32.15M
OCUL:
$45.40M
IE:
-$179.34M
OCUL:
-$283.03M
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Return for Risk
IE vs. OCUL — Risk / Return Rank
IE
OCUL
IE vs. OCUL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ivanhoe Electric Inc (IE) and Ocular Therapeutix, Inc. (OCUL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IE | OCUL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.13 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 0.40 | +0.45 |
| Martin ratioReturn relative to average drawdown | 1.74 | 0.75 | +1.00 |
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Drawdowns
IE vs. OCUL - Drawdown Comparison
The maximum IE drawdown since its inception was -71.12%, smaller than the maximum OCUL drawdown of -95.19%. Use the drawdown chart below to compare losses from any high point for IE and OCUL.
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Drawdown Indicators
| IE | OCUL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.12% | -95.19% | +24.07% |
Max Drawdown (1Y)Largest decline over 1 year | -49.20% | -57.29% | +8.09% |
Max Drawdown (3Y)Largest decline over 3 years | -71.12% | -61.57% | -9.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -85.78% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.94% | — |
Current DrawdownCurrent decline from peak | -44.18% | -76.96% | +32.78% |
Average DrawdownAverage peak-to-trough decline | -32.47% | -76.60% | +44.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.90% | 30.45% | -6.55% |
Volatility
IE vs. OCUL - Volatility Comparison
Ivanhoe Electric Inc (IE) has a higher volatility of 24.70% compared to Ocular Therapeutix, Inc. (OCUL) at 17.46%. This indicates that IE's price experiences larger fluctuations and is considered to be riskier than OCUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IE | OCUL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.70% | 17.46% | +7.24% |
Volatility (6M)Calculated over the trailing 6-month period | 55.20% | 54.60% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.38% | 70.19% | +5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.97% | 78.55% | -8.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.97% | 78.85% | -8.88% |
Dividends
IE vs. OCUL - Dividend Comparison
Neither IE nor OCUL has paid dividends to shareholders.
Financials
IE vs. OCUL - Financials Comparison
This section allows you to compare key financial metrics between Ivanhoe Electric Inc and Ocular Therapeutix, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
IE and OCUL have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IE has higher volatility (24.70%) compared to OCUL (17.46%). In terms of maximum drawdown, IE dropped -71.12% vs OCUL's -95.19%.
IE currently has the higher Sharpe Ratio (0.55 vs 0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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