OCUL vs. SLDP

Last updated Jun 3, 2026

OCUL (Ocular Therapeutix, Inc.) and SLDP (Solid Power, Inc.) are both stocks. OCUL operates in Biotechnology (Healthcare), while SLDP operates in Electrical Equipment & Parts (Industrials). Over the past 5 years, OCUL returned -10.44%/yr vs -17.81%/yr for SLDP. At a 0.29 correlation, their price movements are largely independent.

Performance

OCUL vs. SLDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ocular Therapeutix, Inc. (OCUL) and Solid Power, Inc. (SLDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OCUL achieves a -31.55% return, which is significantly lower than SLDP's -14.59% return.

OCUL

• 1D: -6.94%
• 1M: -11.88%
• YTD: -31.55%
• 6M: -26.13%
• 1Y: 2.47%
• 3Y*: 6.29%
• 5Y*: -10.44%
• 10Y*: -3.49%

SLDP

• 1D: 6.45%
• 1M: 6.14%
• YTD: -14.59%
• 6M: -25.77%
• 1Y: 155.63%
• 3Y*: 17.46%
• 5Y*: -17.81%
• 10Y*: —

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

OCUL vs. SLDP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
OCUL Ocular Therapeutix, Inc.	-31.55%	42.15%	91.48%	58.72%	-59.68%	-50.18%
SLDP Solid Power, Inc.	-14.59%	124.87%	30.34%	-42.91%	-70.94%	-12.60%

Correlation

The correlation between OCUL and SLDP is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since May 19, 2021	0.29

The correlation between OCUL and SLDP shifts across timeframes, from 0.18 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap OCUL : $1.86B SLDP : $788.80K
EPS OCUL : -$1.45 SLDP : -$0.67
PS Ratio OCUL : 32.08 SLDP : 27.87
PB Ratio OCUL : 3.20 SLDP : 0.00
Total Revenue (TTM) OCUL : $52.04M SLDP : $17.84M
Gross Profit (TTM) OCUL : $45.40M SLDP : -$2.22M
EBITDA (TTM) OCUL : -$283.03M SLDP : -$63.00M

Return for Risk

OCUL vs. SLDP — Risk / Return Rank

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

OCUL

OCUL Risk / Return Rank: 42
OCUL Sharpe Ratio Rank: 41
OCUL Sortino Ratio Rank: 44
OCUL Omega Ratio Rank: 43
OCUL Calmar Ratio Rank: 41
OCUL Martin Ratio Rank: 41

SLDP

SLDP Risk / Return Rank: 76
SLDP Sharpe Ratio Rank: 78
SLDP Sortino Ratio Rank: 82
SLDP Omega Ratio Rank: 78
SLDP Calmar Ratio Rank: 73
SLDP Martin Ratio Rank: 67

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. SLDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ocular Therapeutix, Inc. (OCUL) and Solid Power, Inc. (SLDP). 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	SLDP	Difference
Sharpe ratio Return per unit of total volatility	0.04	1.35	-1.31
Sortino ratio Return per unit of downside risk	0.61	2.49	-1.88
Omega ratio Gain probability vs. loss probability	1.07	1.29	-0.22
Calmar ratio Return relative to maximum drawdown	0.07	1.92	-1.86
Martin ratio Return relative to average drawdown	0.13	3.20	-3.07
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. SLDP - Sharpe Ratio Comparison

The current OCUL Sharpe Ratio is 0.04, which is lower than the SLDP Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of OCUL and SLDP, 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	SLDP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	1.35	-1.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.13	-0.21	+0.07
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	-0.21	+0.16

Drawdowns

OCUL vs. SLDP - Drawdown Comparison

The maximum OCUL drawdown since its inception was -95.19%, roughly equal to the maximum SLDP drawdown of -93.46%. Use the drawdown chart below to compare losses from any high point for OCUL and SLDP.

Drawdown Indicators

	OCUL	SLDP	Difference
Max Drawdown Largest peak-to-trough decline	-95.19%	-93.46%	-1.73%
Max Drawdown (1Y) Largest decline over 1 year	-57.29%	-69.10%	+11.81%
Max Drawdown (3Y) Largest decline over 3 years	-72.77%	-69.51%	-3.26%
Max Drawdown (5Y) Largest decline over 5 years	-86.17%	-93.46%	+7.29%
Max Drawdown (10Y) Largest decline over 10 years	-90.94%	—	—
Current Drawdown Current decline from peak	-80.80%	-74.38%	-6.42%
Average Drawdown Average peak-to-trough decline	-76.62%	-68.69%	-7.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.70%	41.47%	-12.77%

Volatility

OCUL vs. SLDP - Volatility Comparison

The current volatility for Ocular Therapeutix, Inc. (OCUL) is 16.64%, while Solid Power, Inc. (SLDP) has a volatility of 23.28%. This indicates that OCUL experiences smaller price fluctuations and is considered to be less risky than SLDP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OCUL	SLDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.64%	23.28%	-6.64%
Volatility (6M) Calculated over the trailing 6-month period	59.75%	47.30%	+12.45%
Volatility (1Y) Calculated over the trailing 1-year period	69.34%	116.82%	-47.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.34%	86.81%	-8.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.94%	86.48%	-6.54%

Dividends

OCUL vs. SLDP - Dividend Comparison

Neither OCUL nor SLDP has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both OCUL and SLDP in my portfolio?

OCUL and SLDP have a correlation of 0.18, 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 SLDP?

SLDP has higher volatility (23.28%) compared to OCUL (16.64%). In terms of maximum drawdown, OCUL dropped -95.19% vs SLDP's -93.46%.

Which has better risk-adjusted returns?

SLDP currently has the higher Sharpe Ratio (1.34 vs 0.04), 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.