OVID vs. ARAAF

Last updated Jun 4, 2026

OVID (Ovid Therapeutics Inc.) and ARAAF (Aclara Resources Inc) are both stocks. OVID operates in Biotechnology (Healthcare), while ARAAF operates in Other Industrial Metals & Mining (Basic Materials). Over the past 3 years, OVID returned -13.28%/yr vs 112.11%/yr for ARAAF. At a 0.05 correlation, their price movements are largely independent.

Performance

OVID vs. ARAAF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ovid Therapeutics Inc. (OVID) and Aclara Resources Inc (ARAAF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OVID achieves a 46.63% return, which is significantly lower than ARAAF's 111.46% return.

OVID

• 1D: -0.42%
• 1M: -18.43%
• YTD: 46.63%
• 6M: 51.27%
• 1Y: 700.13%
• 3Y*: -13.28%
• 5Y*: -11.41%
• 10Y*: —

ARAAF

• 1D: -3.47%
• 1M: -3.84%
• YTD: 111.46%
• 6M: 73.06%
• 1Y: 484.53%
• 3Y*: 112.11%
• 5Y*: —
• 10Y*: —

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

OVID vs. ARAAF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
OVID Ovid Therapeutics Inc.	46.63%	74.57%	-71.00%	73.12%	-42.06%	1.90%
ARAAF Aclara Resources Inc	111.46%	404.63%	-11.58%	49.59%	-78.68%	-7.97%

Correlation

The correlation between OVID and ARAAF is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (All Time) Calculated using the full available price history since Dec 30, 2021	0.05

Fundamentals

Market Cap OVID : $325.45M ARAAF : $736.65M
EPS OVID : -$0.27 ARAAF : -$0.05
PB Ratio OVID : 1.64 ARAAF : 4.85
Total Revenue (TTM) OVID : $7.12M ARAAF : $0.00
Gross Profit (TTM) OVID : $7.06M ARAAF : -$1.03M
EBITDA (TTM) OVID : -$47.25M ARAAF : -$9.35M

Return for Risk

OVID vs. ARAAF — Risk / Return Rank

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

OVID

OVID Risk / Return Rank: 98
OVID Sharpe Ratio Rank: 99
OVID Sortino Ratio Rank: 97
OVID Omega Ratio Rank: 95
OVID Calmar Ratio Rank: 99
OVID Martin Ratio Rank: 99

ARAAF

ARAAF Risk / Return Rank: 95
ARAAF Sharpe Ratio Rank: 98
ARAAF Sortino Ratio Rank: 94
ARAAF Omega Ratio Rank: 91
ARAAF Calmar Ratio Rank: 96
ARAAF Martin Ratio Rank: 94

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.

OVID vs. ARAAF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ovid Therapeutics Inc. (OVID) and Aclara Resources Inc (ARAAF). 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.

	OVID	ARAAF	Difference
Sharpe ratio Return per unit of total volatility	6.24	4.23	+2.00
Sortino ratio Return per unit of downside risk	4.75	3.88	+0.87
Omega ratio Gain probability vs. loss probability	1.58	1.46	+0.12
Calmar ratio Return relative to maximum drawdown	20.32	8.59	+11.73
Martin ratio Return relative to average drawdown	50.85	17.63	+33.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OVID vs. ARAAF - Sharpe Ratio Comparison

The current OVID Sharpe Ratio is 6.24, which is higher than the ARAAF Sharpe Ratio of 4.23. The chart below compares the historical Sharpe Ratios of OVID and ARAAF, 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

	OVID	ARAAF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.24	4.23	+2.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	0.22	-0.41

Drawdowns

OVID vs. ARAAF - Drawdown Comparison

The maximum OVID drawdown since its inception was -98.30%, which is greater than ARAAF's maximum drawdown of -84.58%. Use the drawdown chart below to compare losses from any high point for OVID and ARAAF.

Drawdown Indicators

	OVID	ARAAF	Difference
Max Drawdown Largest peak-to-trough decline	-98.30%	-84.58%	-13.72%
Max Drawdown (1Y) Largest decline over 1 year	-34.78%	-56.89%	+22.11%
Max Drawdown (3Y) Largest decline over 3 years	-93.69%	-56.89%	-36.80%
Max Drawdown (5Y) Largest decline over 5 years	-94.32%	—	—
Current Drawdown Current decline from peak	-84.07%	-12.57%	-71.50%
Average Drawdown Average peak-to-trough decline	-75.11%	-58.39%	-16.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.87%	27.67%	-13.80%

Volatility

OVID vs. ARAAF - Volatility Comparison

The current volatility for Ovid Therapeutics Inc. (OVID) is 16.65%, while Aclara Resources Inc (ARAAF) has a volatility of 19.40%. This indicates that OVID experiences smaller price fluctuations and is considered to be less risky than ARAAF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OVID	ARAAF	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.65%	19.40%	-2.75%
Volatility (6M) Calculated over the trailing 6-month period	58.76%	61.62%	-2.86%
Volatility (1Y) Calculated over the trailing 1-year period	113.35%	115.54%	-2.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.90%	118.71%	-38.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.71%	118.71%	-33.00%

Dividends

OVID vs. ARAAF - Dividend Comparison

Neither OVID nor ARAAF has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both OVID and ARAAF in my portfolio?

OVID and ARAAF have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OVID or ARAAF?

ARAAF has higher volatility (19.40%) compared to OVID (16.65%). In terms of maximum drawdown, OVID dropped -98.30% vs ARAAF's -84.58%.

Which has better risk-adjusted returns?

OVID currently has the higher Sharpe Ratio (6.24 vs 4.23), 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.