IMNM vs VXZ: Correlation
Measured on weekly returns over the past three years, Immunome, Inc. (IMNM) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMNM and VXZ?
Over the past 3 years, IMNM and VXZ moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.23 over 1 year against -0.21 over 3. Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -412.7 %².
Among the 16 assets we track against IMNM, VXZ sits near the bottom by co-movement, at rank #14. The last year tells two different stories: IMNM led by 206.3 percentage points, +190.2% for IMNM against -16.1% for VXZ. Risk is not evenly split, since IMNM carries 2.9 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.
IMNM vs VXZ: side by side
| IMNM (Immunome, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +190.2% | -16.1% |
| 5-year return | +102.5% | -53.1% |
| Volatility (ann.) | 75.1% | 25.6% |
| Beta vs S&P 500 | 1.55 | -1.31 |
| Max drawdown (3Y) | -79.7% | -36.4% |
| Market cap | $3.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMNM | VXZ |
|---|---|---|
| 2022 | -82.9% | +0.5% |
| 2023 | +384.2% | -44.0% |
| 2024 | -0.7% | -12.7% |
| 2025 | +102.3% | +5.7% |
| 2026 | +34.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMNM and VXZ good diversifiers for each other?
Yes. With a correlation of -0.21, IMNM and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IMNM and VXZ?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.23 over the last year and -0.21 over 5 years.
Is VXZ a good diversifier for IMNM?
Yes. With a correlation of -0.21, IMNM and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/imnm-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IMNM correlations · VXZ correlations
