IMA vs MNTK: Correlation
ImageneBio, Inc. (IMA) and Montauk Renewables, Inc. (MNTK) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMA and MNTK?
Across a 3-year window, the weekly returns of IMA and MNTK correlate at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.22) runs below the 3-year figure (0.38). Stretching to 5 years gives 0.22, with an annualized covariance of 2026.9 %².
Within IMA's tracked universe of 12 assets, MNTK comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MNTK outperformed by 43.1 percentage points (-60.9% for IMA against -17.8% for MNTK).
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.
IMA vs MNTK: side by side
| IMA (ImageneBio, Inc.) | MNTK (Montauk Renewables, Inc.) | |
|---|---|---|
| 1-year return | -60.9% | -17.8% |
| 5-year return | -96.6% | -78.7% |
| Volatility (ann.) | 71.9% | 74.0% |
| Beta vs S&P 500 | 0.99 | 1.62 |
| Max drawdown (3Y) | -92.1% | -89.6% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | 36.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMA | MNTK |
|---|---|---|
| 2022 | -78.8% | +7.6% |
| 2023 | -25.9% | -19.2% |
| 2024 | -16.8% | -55.3% |
| 2025 | -64.9% | -58.0% |
| 2026 | -22.8% | +7.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMA and MNTK good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IMA and MNTK?
As of 2026-08-27, the correlation of weekly returns between IMA and MNTK is 0.38 over 3 years, 0.22 over 1 year and 0.22 over 5 years.
Is MNTK a good diversifier for IMA?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/ima-vs-mntk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ima-vs-mntk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMA correlations · MNTK correlations
