FEMY vs IMVT: Correlation
How closely do Femasys Inc. (FEMY) and Immunovant, Inc. (IMVT) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEMY and IMVT?
Across a 3-year window, the weekly returns of FEMY and IMVT correlate at 0.72, strong. The past 12 months show a weaker link (0.13) than the 3-year average (0.72). Stretching to 5 years gives 0.56, with an annualized covariance of 25900.1 %².
Few assets follow FEMY as closely as IMVT, which ranks #1 of 32 tracked partners. Their recent paths diverged sharply: over the last 12 months IMVT outperformed by 249.9 percentage points (-61.2% for FEMY against +188.7% for IMVT). One caveat on sizing: FEMY is 7.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FEMY vs IMVT: side by side
| FEMY (Femasys Inc.) | IMVT (Immunovant, Inc.) | |
|---|---|---|
| 1-year return | -61.2% | +188.7% |
| 5-year return | -98.0% | +424.8% |
| Volatility (ann.) | 509.3% | 71.0% |
| Beta vs S&P 500 | -0.49 | 0.89 |
| Max drawdown (3Y) | -97.2% | -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 | FEMY | IMVT |
|---|---|---|
| 2022 | -76.9% | +108.3% |
| 2023 | +8.3% | +137.4% |
| 2024 | +12.8% | -41.2% |
| 2025 | -47.6% | +2.6% |
| 2026 | -75.8% | +72.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEMY and IMVT good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FEMY and IMVT?
The FEMY/IMVT correlation stands at 0.72 on a 3-year window (1 year: 0.13, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is IMVT a good diversifier for FEMY?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: FEMY correlations · IMVT correlations
