IMNM vs NKTX: Correlation
How closely do Immunome, Inc. (IMNM) and Nkarta, Inc. (NKTX) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMNM and NKTX?
Across a 3-year window, the weekly returns of IMNM and NKTX correlate at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives 0.20, with an annualized covariance of 3599.7 %².
By 3-year correlation, NKTX places #4 of the 16 assets tracked against IMNM. Correlation aside, the last 12 months split them widely, with IMNM ahead by 167.4 points (+190.2% versus +22.8%).
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 NKTX: side by side
| IMNM (Immunome, Inc.) | NKTX (Nkarta, Inc.) | |
|---|---|---|
| 1-year return | +190.2% | +22.8% |
| 5-year return | +102.5% | -91.9% |
| Volatility (ann.) | 75.1% | 101.5% |
| Beta vs S&P 500 | 1.55 | 1.78 |
| Max drawdown (3Y) | -79.7% | -91.3% |
| Market cap | $3.3B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMNM | NKTX |
|---|---|---|
| 2022 | -82.9% | -61.0% |
| 2023 | +384.2% | +10.2% |
| 2024 | -0.7% | -62.3% |
| 2025 | +102.3% | -25.7% |
| 2026 | +34.4% | +48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMNM and NKTX good diversifiers for each other?
Reasonably. At 0.47, IMNM and NKTX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IMNM and NKTX?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.50 over the last year and 0.20 over 5 years.
Is NKTX a good diversifier for IMNM?
Reasonably. At 0.47, IMNM and NKTX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: IMNM correlations · NKTX correlations
