AERT vs IMA: Correlation
Measured on weekly returns over the past three years, Aeries Technology, Inc. - Class A (AERT) and ImageneBio, Inc. (IMA) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AERT and IMA?
Over the past 3 years, AERT and IMA moved with a correlation of 0.33, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.33 over 3 years. Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 2541.0 %².
In AERT's tracked universe of 10 assets, IMA sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months AERT outperformed by 72.4 percentage points (+11.5% for AERT against -60.9% for IMA). Note the risk asymmetry: AERT runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AERT vs IMA: side by side
| AERT (Aeries Technology, Inc. - Class A) | IMA (ImageneBio, Inc.) | |
|---|---|---|
| 1-year return | +11.5% | -60.9% |
| 5-year return | -91.2% | -96.6% |
| Volatility (ann.) | 108.4% | 71.9% |
| Beta vs S&P 500 | 0.78 | 0.99 |
| Max drawdown (3Y) | -97.4% | -92.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | 17.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AERT | IMA |
|---|---|---|
| 2022 | +4.7% | -78.8% |
| 2023 | -75.5% | -25.9% |
| 2024 | -62.8% | -16.8% |
| 2025 | -44.5% | -64.9% |
| 2026 | +66.4% | -22.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AERT and IMA good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AERT and IMA?
The AERT/IMA correlation stands at 0.33 on a 3-year window (1 year: 0.22, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is IMA a good diversifier for AERT?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aert-vs-ima.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aert-vs-ima/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AERT correlations · IMA correlations
