Both in Pharmaceuticals

Ocular Therapeutix vs Innoviva

Over the past year OCUL returned −34.5% and INVA returned +17.1%; their daily moves had a correlation of 0.10.

OCUL −34.5% INVA +17.1%Growth of $1, one year, split-adjusted
MetricOCULINVA
Price$7.14$21.26
Market cap$1.57B$1.54B
Today+4.69%+1.58%
1 month−2.7%+2.1%
6 months−26.5%−5.6%
Year to date−41.2%+6.4%
1 year−37.4%+17.4%
Revenue growth (YoY)+0.1%+19.3%
Gross margin85.1%81.3%
Net margin−584.5%−69.8%
P/E (TTM)—4.3×
Price / sales30.1×3.5×
Net cash$525.8M$319.0M
Dividend yield——
Volatility (60d)75.4%21.1%
Short % of float15.1%10.5%
Next earnings——

Shading marks the stronger figure where one clearly exists (lower is better for valuation and volatility).