IMCC vs SPRO: Correlation
IM Cannabis Corp. (IMCC) and Spero Therapeutics, Inc. (SPRO) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMCC and SPRO?
On 3 years of weekly data the IMCC/SPRO correlation comes out at 0.75, strong. Lately the two have drifted apart, with the 1-year correlation at 0.30 versus 0.75 over 3 years. The 5-year figure is 0.59, and annualized covariance runs at 20899.4 %².
In IMCC's tracked universe of 14 assets, SPRO sits right near the top at #2. The last year tells two different stories: SPRO led by 55.3 percentage points, -94.2% for IMCC against -38.9% for SPRO.
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.
IMCC vs SPRO: side by side
| IMCC (IM Cannabis Corp.) | SPRO (Spero Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -94.2% | -38.9% |
| 5-year return | -99.9% | -93.3% |
| Volatility (ann.) | 174.2% | 159.8% |
| Beta vs S&P 500 | 1.11 | 1.61 |
| Max drawdown (3Y) | -98.4% | -68.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 8.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMCC | SPRO |
|---|---|---|
| 2022 | -97.1% | -89.2% |
| 2023 | -63.4% | -15.0% |
| 2024 | +8.8% | -29.9% |
| 2025 | -40.4% | +126.2% |
| 2026 | -90.6% | -48.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMCC and SPRO good diversifiers for each other?
Only partially. A correlation of 0.75 means IMCC and SPRO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between IMCC and SPRO?
The IMCC/SPRO correlation stands at 0.75 on a 3-year window (1 year: 0.30, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is SPRO a good diversifier for IMCC?
Only partially. A correlation of 0.75 means IMCC and SPRO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
A reading of 0.75 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/imcc-vs-spro.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/imcc-vs-spro/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IMCC correlations · SPRO correlations
