GRCE vs IMVT: Correlation
Measured on weekly returns over the past three years, Grace Therapeutics, Inc. (GRCE) and Immunovant, Inc. (IMVT) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRCE and IMVT?
On 3 years of weekly data the GRCE/IMVT correlation comes out at 0.47, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.25 versus 0.47 over 3 years. The 5-year figure is 0.34, and annualized covariance runs at 2604.7 %².
Few assets follow GRCE as closely as IMVT, which ranks #2 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with IMVT ahead by 218.3 points (-29.6% 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.
GRCE vs IMVT: side by side
| GRCE (Grace Therapeutics, Inc.) | IMVT (Immunovant, Inc.) | |
|---|---|---|
| 1-year return | -29.6% | +188.7% |
| 5-year return | -88.8% | +424.8% |
| Volatility (ann.) | 78.2% | 71.0% |
| Beta vs S&P 500 | 0.95 | 0.89 |
| Max drawdown (3Y) | -60.0% | -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 | GRCE | IMVT |
|---|---|---|
| 2022 | -60.3% | +108.3% |
| 2023 | -3.7% | +137.4% |
| 2024 | +29.4% | -41.2% |
| 2025 | -7.5% | +2.6% |
| 2026 | -37.6% | +72.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRCE and IMVT good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GRCE and IMVT?
The GRCE/IMVT correlation stands at 0.47 on a 3-year window (1 year: 0.25, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is IMVT a good diversifier for GRCE?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/grce-vs-imvt.json
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Related comparisons
Hubs: GRCE correlations · IMVT correlations
