GRF vs IMMX: Correlation
Eagle Capital Growth Fund, Inc. (GRF) and Immix Biopharma, Inc. (IMMX) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRF and IMMX?
Across a 3-year window, the weekly returns of GRF and IMMX correlate at 0.37, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.53 versus 0.37 over 3 years. Stretching to 5 years gives 0.25, with an annualized covariance of 628.8 %².
IMMX is one of the assets that tracks GRF most closely: it ranks #3 out of the 10 assets we track against GRF. Their recent paths diverged sharply: over the last 12 months IMMX outperformed by 620.4 percentage points (+9.7% for GRF against +630.1% for IMMX). Note the risk asymmetry: IMMX runs 4.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GRF vs IMMX: side by side
| GRF (Eagle Capital Growth Fund, Inc.) | IMMX (Immix Biopharma, Inc.) | |
|---|---|---|
| 1-year return | +9.7% | +630.1% |
| 5-year return | +56.2% | +289.9% |
| Volatility (ann.) | 19.6% | 86.8% |
| Beta vs S&P 500 | 0.31 | 1.23 |
| Max drawdown (3Y) | -17.8% | -81.6% |
| Market cap | – | $1.0B |
| P/E (trailing) | 10.5 | – |
| Dividend yield | 8.10% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRF | IMMX |
|---|---|---|
| 2022 | -6.5% | -35.7% |
| 2023 | +14.9% | +202.2% |
| 2024 | +10.3% | -68.2% |
| 2025 | +19.1% | +137.7% |
| 2026 | -1.4% | +173.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRF and IMMX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GRF and IMMX?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.53 over the last year and 0.25 over 5 years.
Is IMMX a good diversifier for GRF?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GRF correlations · IMMX correlations
