IMA vs RAPP: Correlation
How closely do ImageneBio, Inc. (IMA) and Rapport Therapeutics, Inc. (RAPP) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMA and RAPP?
On 3 years of weekly data the IMA/RAPP correlation comes out at 0.38, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.38 over 3. The 5-year figure is n/a, and annualized covariance runs at 1796.8 %².
Among the 12 assets we track against IMA, RAPP ranks #5 by 3-year correlation. The last year tells two different stories: RAPP led by 300.4 percentage points, -60.9% for IMA against +239.5% for RAPP.
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 RAPP: side by side
| IMA (ImageneBio, Inc.) | RAPP (Rapport Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -60.9% | +239.5% |
| 5-year return | -96.6% | n/a |
| Volatility (ann.) | 71.9% | 89.6% |
| Beta vs S&P 500 | 0.99 | 1.91 |
| Max drawdown (3Y) | -92.1% | -75.5% |
| Market cap | $0.1B | $2.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMA | RAPP |
|---|---|---|
| 2022 | -78.8% | – |
| 2023 | -25.9% | – |
| 2024 | -16.8% | – |
| 2025 | -64.9% | +71.0% |
| 2026 | -22.8% | +67.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMA and RAPP good diversifiers for each other?
Reasonably. At 0.38, IMA and RAPP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IMA and RAPP?
The IMA/RAPP correlation stands at 0.38 on a 3-year window (1 year: 0.40, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RAPP a good diversifier for IMA?
Reasonably. At 0.38, IMA and RAPP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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.
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Related comparisons
Hubs: IMA correlations · RAPP correlations
