AYTU vs IMVT: Correlation
Measured on weekly returns over the past three years, Aytu BioPharma, Inc. (AYTU) and Immunovant, Inc. (IMVT) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AYTU and IMVT?
Across a 3-year window, the weekly returns of AYTU and IMVT correlate at 0.43, moderate. The past 12 months show a weaker link (-0.03) than the 3-year average (0.43). Stretching to 5 years gives 0.24, with an annualized covariance of 2441.3 %².
In AYTU's tracked universe of 14 assets, IMVT sits right near the top at #2. Correlation aside, the last 12 months split them widely, with IMVT ahead by 192.6 points (-3.9% versus +188.7%).
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.
AYTU vs IMVT: side by side
| AYTU (Aytu BioPharma, Inc.) | IMVT (Immunovant, Inc.) | |
|---|---|---|
| 1-year return | -3.9% | +188.7% |
| 5-year return | -97.0% | +424.8% |
| Volatility (ann.) | 80.5% | 71.0% |
| Beta vs S&P 500 | 1.44 | 0.89 |
| Max drawdown (3Y) | -70.2% | -69.9% |
| Market cap | – | $9.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AYTU | IMVT |
|---|---|---|
| 2022 | -85.9% | +108.3% |
| 2023 | -25.3% | +137.4% |
| 2024 | -40.1% | -41.2% |
| 2025 | +52.9% | +2.6% |
| 2026 | -13.8% | +72.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AYTU and IMVT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AYTU and IMVT?
The AYTU/IMVT correlation stands at 0.43 on a 3-year window (1 year: -0.03, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is IMVT a good diversifier for AYTU?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: AYTU correlations · IMVT correlations
