FTHM vs ICCM: Correlation
How closely do Fathom Holdings Inc. (FTHM) and IceCure Medical Ltd. (ICCM) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTHM and ICCM?
Across a 3-year window, the weekly returns of FTHM and ICCM correlate at 0.50, moderate. The link has tightened recently: the 1-year correlation (0.77) runs above the 3-year figure (0.50). Stretching to 5 years gives 0.41, with an annualized covariance of 7649.5 %².
In FTHM's tracked universe of 16 assets, ICCM sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months FTHM outperformed by 31.0 percentage points (-61.3% for FTHM against -92.3% for ICCM).
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.
FTHM vs ICCM: side by side
| FTHM (Fathom Holdings Inc.) | ICCM (IceCure Medical Ltd.) | |
|---|---|---|
| 1-year return | -61.3% | -92.3% |
| 5-year return | -97.7% | -99.3% |
| Volatility (ann.) | 130.4% | 117.6% |
| Beta vs S&P 500 | 2.16 | 0.41 |
| Max drawdown (3Y) | -93.5% | -95.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTHM | ICCM |
|---|---|---|
| 2022 | -79.2% | -49.2% |
| 2023 | -15.5% | -31.0% |
| 2024 | -57.4% | +2.8% |
| 2025 | -34.0% | -44.5% |
| 2026 | -34.0% | -87.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTHM and ICCM good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FTHM and ICCM?
The FTHM/ICCM correlation stands at 0.50 on a 3-year window (1 year: 0.77, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is ICCM a good diversifier for FTHM?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fthm-vs-iccm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fthm-vs-iccm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FTHM correlations · ICCM correlations
