IMMX vs XBI: Correlation
Measured on weekly returns over the past three years, Immix Biopharma, Inc. (IMMX) and SPDR S&P Biotech ETF (XBI) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMMX and XBI?
On 3 years of weekly data the IMMX/XBI correlation comes out at 0.34, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.34 over 3. The 5-year figure is 0.24, and annualized covariance runs at 821.0 %².
Among the 10 assets we track against IMMX, XBI ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IMMX ahead by 542.9 points (+630.1% versus +87.2%). Risk is not evenly split, since IMMX carries 3.1 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.
IMMX vs XBI: side by side
| IMMX (Immix Biopharma, Inc.) | XBI (SPDR S&P Biotech ETF) | |
|---|---|---|
| 1-year return | +630.1% | +87.2% |
| 5-year return | +289.9% | +28.6% |
| Volatility (ann.) | 86.8% | 27.7% |
| Beta vs S&P 500 | 1.23 | 1.09 |
| Max drawdown (3Y) | -81.6% | -33.0% |
| Market cap | $1.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | IMMX | XBI |
|---|---|---|
| 2022 | -35.7% | -25.9% |
| 2023 | +202.2% | +7.6% |
| 2024 | -68.2% | +1.0% |
| 2025 | +137.7% | +35.9% |
| 2026 | +173.6% | +38.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMMX and XBI good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IMMX and XBI?
As of 2026-08-27, the correlation of weekly returns between IMMX and XBI is 0.34 over 3 years, 0.36 over 1 year and 0.24 over 5 years.
Is XBI a good diversifier for IMMX?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
A reading of 0.34 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
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Related comparisons
Hubs: IMMX correlations · XBI correlations
