OCUL vs. AIQ

Last updated Jun 4, 2026

OCUL (Ocular Therapeutix, Inc.) is a stock, while AIQ (Global X Artificial Intelligence & Technology ETF) is Technology Equities fund tracking the Indxx Artificial Intelligence & Big Data Index. Over the past 5 years, OCUL returned -10.45%/yr vs 19.07%/yr for AIQ. At a 0.34 correlation, their price movements are largely independent.

Performance

OCUL vs. AIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ocular Therapeutix, Inc. (OCUL) and Global X Artificial Intelligence & Technology ETF (AIQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OCUL achieves a -31.22% return, which is significantly lower than AIQ's 35.98% return.

OCUL

• 1D: 0.48%
• 1M: -14.53%
• YTD: -31.22%
• 6M: -27.14%
• 1Y: 0.24%
• 3Y*: 6.46%
• 5Y*: -10.45%
• 10Y*: -3.44%

AIQ

• 1D: -1.40%
• 1M: 21.10%
• YTD: 35.98%
• 6M: 36.15%
• 1Y: 69.19%
• 3Y*: 37.50%
• 5Y*: 19.07%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OCUL vs. AIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
OCUL Ocular Therapeutix, Inc.	-31.22%	42.15%	91.48%	58.72%	-59.68%	-66.33%	424.05%	-0.75%	-42.49%
AIQ Global X Artificial Intelligence & Technology ETF	35.98%	31.89%	24.11%	55.39%	-36.44%	17.09%	52.88%	39.94%	-14.03%

Correlation

The correlation between OCUL and AIQ is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since May 17, 2018	0.34

The correlation between OCUL and AIQ shifts across timeframes, from 0.23 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

OCUL vs. AIQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OCUL

OCUL Risk / Return Rank: 41
OCUL Sharpe Ratio Rank: 40
OCUL Sortino Ratio Rank: 43
OCUL Omega Ratio Rank: 42
OCUL Calmar Ratio Rank: 40
OCUL Martin Ratio Rank: 40

AIQ

AIQ Risk / Return Rank: 81
AIQ Sharpe Ratio Rank: 88
AIQ Sortino Ratio Rank: 81
AIQ Omega Ratio Rank: 80
AIQ Calmar Ratio Rank: 80
AIQ Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OCUL vs. AIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ocular Therapeutix, Inc. (OCUL) and Global X Artificial Intelligence & Technology ETF (AIQ). 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.

	OCUL	AIQ	Difference
Sharpe ratio: Return per unit of total volatility	0.00	3.02	-3.02
Sortino ratio: Return per unit of downside risk	0.56	3.70	-3.15
Omega ratio: Gain probability vs. loss probability	1.07	1.49	-0.42
Calmar ratio: Return relative to maximum drawdown	0.00	4.22	-4.22
Martin ratio: Return relative to average drawdown	0.01	14.59	-14.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OCUL vs. AIQ - Sharpe Ratio Comparison

The current OCUL Sharpe Ratio is 0.00, which is lower than the AIQ Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of OCUL and AIQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OCUL	AIQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.00	3.02	-3.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.13	0.76	-0.89
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	0.84	-0.89

Drawdowns

OCUL vs. AIQ - Drawdown Comparison

The maximum OCUL drawdown since its inception was -95.19%, which is greater than AIQ's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for OCUL and AIQ.

Drawdown Indicators

	OCUL	AIQ	Difference
Max Drawdown Largest peak-to-trough decline	-95.19%	-44.66%	-50.53%
Max Drawdown (1Y) Largest decline over 1 year	-57.29%	-16.47%	-40.82%
Max Drawdown (3Y) Largest decline over 3 years	-72.77%	-26.35%	-46.42%
Max Drawdown (5Y) Largest decline over 5 years	-86.17%	-44.66%	-41.51%
Max Drawdown (10Y) Largest decline over 10 years	-90.94%	—	—
Current Drawdown Current decline from peak	-80.70%	-1.40%	-79.30%
Average Drawdown Average peak-to-trough decline	-76.62%	-9.80%	-66.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.86%	4.76%	+24.10%

Volatility

OCUL vs. AIQ - Volatility Comparison

Ocular Therapeutix, Inc. (OCUL) has a higher volatility of 16.12% compared to Global X Artificial Intelligence & Technology ETF (AIQ) at 8.60%. This indicates that OCUL's price experiences larger fluctuations and is considered to be riskier than AIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OCUL	AIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.12%	8.60%	+7.52%
Volatility (6M) Calculated over the trailing 6-month period	59.66%	18.46%	+41.20%
Volatility (1Y) Calculated over the trailing 1-year period	69.33%	23.04%	+46.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.34%	25.33%	+53.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.92%	25.50%	+54.42%

Dividends

OCUL vs. AIQ - Dividend Comparison

OCUL has not paid dividends to shareholders, while AIQ's dividend yield for the trailing twelve months is around 0.14%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AIQ Global X Artificial Intelligence & Technology ETF	0.14%	0.18%	0.14%	0.16%	0.56%	0.15%	0.50%	0.51%	0.51%
OCUL Ocular Therapeutix, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OCUL and AIQ in my portfolio?

OCUL and AIQ have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OCUL or AIQ?

OCUL has higher volatility (16.12%) compared to AIQ (8.60%). In terms of maximum drawdown, OCUL dropped -95.19% vs AIQ's -44.66%.

Which has better risk-adjusted returns?

AIQ currently has the higher Sharpe Ratio (3.02 vs 0.00), 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.