IMNM vs NGNE: Correlation
How closely do Immunome, Inc. (IMNM) and Neurogene Inc. (NGNE) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMNM and NGNE?
On 3 years of weekly data the IMNM/NGNE correlation comes out at 0.49, moderate. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.49). The 5-year figure is 0.34, and annualized covariance runs at 3753.1 %².
In IMNM's tracked universe of 16 assets, NGNE sits right near the top at #2. The last year tells two different stories: IMNM led by 98.0 percentage points, +190.2% for IMNM against +92.2% for NGNE.
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.
IMNM vs NGNE: side by side
| IMNM (Immunome, Inc.) | NGNE (Neurogene Inc.) | |
|---|---|---|
| 1-year return | +190.2% | +92.2% |
| 5-year return | +102.5% | -76.7% |
| Volatility (ann.) | 75.1% | 102.1% |
| Beta vs S&P 500 | 1.55 | 2.68 |
| Max drawdown (3Y) | -79.7% | -89.7% |
| Market cap | $3.3B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMNM | NGNE |
|---|---|---|
| 2022 | -82.9% | -89.4% |
| 2023 | +384.2% | +90.4% |
| 2024 | -0.7% | +18.0% |
| 2025 | +102.3% | -9.9% |
| 2026 | +34.4% | +83.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMNM and NGNE good diversifiers for each other?
Reasonably. At 0.49, IMNM and NGNE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IMNM and NGNE?
As of 2026-08-27, the correlation of weekly returns between IMNM and NGNE is 0.49 over 3 years, 0.31 over 1 year and 0.34 over 5 years.
Is NGNE a good diversifier for IMNM?
Reasonably. At 0.49, IMNM and NGNE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/imnm-vs-ngne.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/imnm-vs-ngne/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IMNM correlations · NGNE correlations
