OCUL vs. TMC
OCUL (Ocular Therapeutix, Inc.) and TMC (TMC the metals company Inc.) are both stocks. OCUL operates in Biotechnology (Healthcare), while TMC operates in Other Industrial Metals & Mining (Basic Materials). Over the past 3 years, OCUL returned 25.16%/yr vs 55.29%/yr for TMC. At a 0.22 correlation, their price movements are largely independent.
Performance
OCUL vs. TMC - Performance Comparison
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Returns By Period
In the year-to-date period, OCUL achieves a -22.32% return, which is significantly lower than TMC's -16.86% return.
OCUL
- 1D
- -2.18%
- 1M
- 14.72%
- YTD
- -22.32%
- 6M
- -24.92%
- 1Y
- 15.99%
- 3Y*
- 25.16%
- 5Y*
- -6.94%
- 10Y*
- 5.64%
TMC
- 1D
- 0.39%
- 1M
- -2.47%
- YTD
- -16.86%
- 6M
- -34.98%
- 1Y
- -21.80%
- 3Y*
- 55.29%
- 5Y*
- —
- 10Y*
- —
OCUL vs. TMC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OCUL Ocular Therapeutix, Inc. | -22.32% | 42.15% | 91.48% | 58.72% | -59.68% | -38.04% |
TMC TMC the metals company Inc. | -16.86% | 450.89% | 1.82% | 42.86% | -62.98% | -81.18% |
Correlation
The correlation between OCUL and TMC 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 | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2021 | 0.22 |
Fundamentals
OCUL:
$2.11B
TMC:
$1.65T
OCUL:
-$1.45
TMC:
-$0.00
OCUL:
$52.04M
TMC:
$0.00
OCUL:
$45.40M
TMC:
-$136.00K
OCUL:
-$283.03M
TMC:
-$296.72M
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Return for Risk
OCUL vs. TMC — Risk / Return Rank
OCUL
TMC
OCUL vs. TMC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ocular Therapeutix, Inc. (OCUL) and TMC the metals company Inc. (TMC). 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.
| OCUL | TMC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.03 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | -0.39 | +0.62 |
| Martin ratioReturn relative to average drawdown | 0.44 | -0.62 | +1.06 |
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Drawdowns
OCUL vs. TMC - Drawdown Comparison
The maximum OCUL drawdown since its inception was -95.19%, roughly equal to the maximum TMC drawdown of -95.58%. Use the drawdown chart below to compare losses from any high point for OCUL and TMC.
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Drawdown Indicators
| OCUL | TMC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.19% | -95.58% | +0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -57.29% | -61.65% | +4.36% |
Max Drawdown (3Y)Largest decline over 3 years | -61.57% | -74.56% | +12.99% |
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 | -78.21% | -58.80% | -19.41% |
Average DrawdownAverage peak-to-trough decline | -76.60% | -79.36% | +2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.35% | 38.47% | -8.12% |
Volatility
OCUL vs. TMC - Volatility Comparison
The current volatility for Ocular Therapeutix, Inc. (OCUL) is 16.80%, while TMC the metals company Inc. (TMC) has a volatility of 23.22%. This indicates that OCUL experiences smaller price fluctuations and is considered to be less risky than TMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OCUL | TMC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.80% | 23.22% | -6.42% |
Volatility (6M)Calculated over the trailing 6-month period | 54.47% | 66.85% | -12.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.88% | 99.74% | -29.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.49% | 113.03% | -34.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.78% | 113.03% | -34.25% |
Dividends
OCUL vs. TMC - Dividend Comparison
Neither OCUL nor TMC has paid dividends to shareholders.
Financials
OCUL vs. TMC - Financials Comparison
This section allows you to compare key financial metrics between Ocular Therapeutix, Inc. and TMC the metals company 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
OCUL and TMC 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.
TMC has higher volatility (23.22%) compared to OCUL (16.80%). In terms of maximum drawdown, OCUL dropped -95.19% vs TMC's -95.58%.
OCUL currently has the higher Sharpe Ratio (0.19 vs -0.25), 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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