FDMT vs IMNM: Correlation
4D Molecular Therapeutics, Inc. (FDMT) and Immunome, Inc. (IMNM) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDMT and IMNM?
On 3 years of weekly data the FDMT/IMNM correlation comes out at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. The 5-year figure is 0.23, and annualized covariance runs at 3002.7 %².
Among the 15 assets we track against FDMT, IMNM ranks #6 by 3-year correlation. The last year tells two different stories: IMNM led by 59.4 percentage points, +130.8% for FDMT against +190.2% for IMNM.
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.
FDMT vs IMNM: side by side
| FDMT (4D Molecular Therapeutics, Inc.) | IMNM (Immunome, Inc.) | |
|---|---|---|
| 1-year return | +130.8% | +190.2% |
| 5-year return | -50.9% | +102.5% |
| Volatility (ann.) | 89.9% | 75.1% |
| Beta vs S&P 500 | 1.09 | 1.55 |
| Max drawdown (3Y) | -93.0% | -79.7% |
| Market cap | $0.8B | $3.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FDMT | IMNM |
|---|---|---|
| 2022 | +1.2% | -82.9% |
| 2023 | -8.8% | +384.2% |
| 2024 | -72.5% | -0.7% |
| 2025 | +34.6% | +102.3% |
| 2026 | +98.8% | +34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDMT and IMNM good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FDMT and IMNM?
The FDMT/IMNM correlation stands at 0.44 on a 3-year window (1 year: 0.47, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is IMNM a good diversifier for FDMT?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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
$ curl https://www.pairbook.io/api/v1/pairs/fdmt-vs-imnm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fdmt-vs-imnm/)
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Related comparisons
Hubs: FDMT correlations · IMNM correlations
