IMMR vs NVAX: Correlation
Immersion Corporation (IMMR) and Novavax, Inc. (NVAX) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMMR and NVAX?
Across a 3-year window, the weekly returns of IMMR and NVAX correlate at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. Stretching to 5 years gives 0.30, with an annualized covariance of 1477.4 %².
Among the 12 assets we track against IMMR, NVAX ranks #4 by 3-year correlation. Their 12-month results are close: +16.1% for IMMR against +19.4% for NVAX. Risk is not evenly split, since NVAX carries 2.2 times the volatility of the other side.
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.
IMMR vs NVAX: side by side
| IMMR (Immersion Corporation) | NVAX (Novavax, Inc.) | |
|---|---|---|
| 1-year return | +16.1% | +19.4% |
| 5-year return | +17.7% | -96.1% |
| Volatility (ann.) | 38.6% | 86.3% |
| Beta vs S&P 500 | 1.14 | 1.77 |
| Max drawdown (3Y) | -56.9% | -74.1% |
| Market cap | $0.3B | $1.5B |
| P/E (trailing) | 55.6 | – |
| Dividend yield | 3.12% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMMR | NVAX |
|---|---|---|
| 2022 | +23.1% | -92.8% |
| 2023 | +3.4% | -53.3% |
| 2024 | +26.5% | +67.5% |
| 2025 | -18.3% | -16.4% |
| 2026 | +18.6% | +34.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMMR and NVAX good diversifiers for each other?
Reasonably. At 0.44, IMMR and NVAX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IMMR and NVAX?
As of 2026-08-27, the correlation of weekly returns between IMMR and NVAX is 0.44 over 3 years, 0.34 over 1 year and 0.30 over 5 years.
Is NVAX a good diversifier for IMMR?
Reasonably. At 0.44, IMMR and NVAX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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/immr-vs-nvax.json
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[](https://www.pairbook.io/pair/immr-vs-nvax/)
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Related comparisons
Hubs: IMMR correlations · NVAX correlations
