AVBP vs IMMX: Correlation
How closely do ArriVent BioPharma, Inc. (AVBP) and Immix Biopharma, Inc. (IMMX) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVBP and IMMX?
Over the past 3 years, AVBP and IMMX moved with a correlation of 0.35, which is moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1473.8 %².
By 3-year correlation, IMMX places #10 of the 17 assets tracked against AVBP. Their recent paths diverged sharply: over the last 12 months IMMX outperformed by 568.7 percentage points (+61.4% for AVBP against +630.1% for IMMX). Note the risk asymmetry: IMMX runs 1.6 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.
AVBP vs IMMX: side by side
| AVBP (ArriVent BioPharma, Inc.) | IMMX (Immix Biopharma, Inc.) | |
|---|---|---|
| 1-year return | +61.4% | +630.1% |
| 5-year return | n/a | +289.9% |
| Volatility (ann.) | 52.7% | 86.8% |
| Beta vs S&P 500 | 1.06 | 1.23 |
| Max drawdown (3Y) | -54.3% | -81.6% |
| Market cap | $1.5B | $1.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVBP | IMMX |
|---|---|---|
| 2022 | – | -35.7% |
| 2023 | – | +202.2% |
| 2024 | – | -68.2% |
| 2025 | -24.5% | +137.7% |
| 2026 | +54.1% | +173.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVBP and IMMX good diversifiers for each other?
Reasonably. At 0.35, AVBP and IMMX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AVBP and IMMX?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.36 over the last year and n/a over 5 years.
Is IMMX a good diversifier for AVBP?
Reasonably. At 0.35, AVBP and IMMX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/avbp-vs-immx.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVBP correlations · IMMX correlations
