IMMX vs SPY: Correlation
How closely do Immix Biopharma, Inc. (IMMX) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.20, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMMX and SPY?
On 3 years of weekly data the IMMX/SPY correlation comes out at 0.20, weak. Recent behaviour matches the longer record: 0.10 over 1 year against 0.20 over 3. The 5-year figure is 0.15, and annualized covariance runs at 256.9 %².
SPY is close to the least connected end of IMMX's tracked universe, ranking #7 of 10. The last year tells two different stories: IMMX led by 609.5 percentage points, +630.1% for IMMX against +20.6% for SPY. One caveat on sizing: IMMX is 6.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IMMX vs SPY: side by side
| IMMX (Immix Biopharma, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +630.1% | +20.6% |
| 5-year return | +289.9% | +82.4% |
| Volatility (ann.) | 86.8% | 14.5% |
| Beta vs S&P 500 | 1.23 | 1.00 |
| Max drawdown (3Y) | -81.6% | -18.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | IMMX | SPY |
|---|---|---|
| 2022 | -35.7% | -18.2% |
| 2023 | +202.2% | +26.2% |
| 2024 | -68.2% | +24.9% |
| 2025 | +137.7% | +17.7% |
| 2026 | +173.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMMX and SPY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IMMX and SPY?
As of 2026-08-27, the correlation of weekly returns between IMMX and SPY is 0.20 over 3 years, 0.10 over 1 year and 0.15 over 5 years.
Is SPY a good diversifier for IMMX?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.20 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: IMMX correlations · SPY correlations
