IMNM vs XBI: Correlation
Measured on weekly returns over the past three years, Immunome, Inc. (IMNM) and SPDR S&P Biotech ETF (XBI) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMNM and XBI?
On 3 years of weekly data the IMNM/XBI correlation comes out at 0.51, moderate. The link has tightened recently: the 1-year correlation (0.63) runs above the 3-year figure (0.51). The 5-year figure is 0.40, and annualized covariance runs at 1062.2 %².
In IMNM's tracked universe of 16 assets, XBI sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months IMNM outperformed by 103.0 percentage points (+190.2% for IMNM against +87.2% for XBI). One caveat on sizing: IMNM is 2.7 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.
IMNM vs XBI: side by side
| IMNM (Immunome, Inc.) | XBI (SPDR S&P Biotech ETF) | |
|---|---|---|
| 1-year return | +190.2% | +87.2% |
| 5-year return | +102.5% | +28.6% |
| Volatility (ann.) | 75.1% | 27.7% |
| Beta vs S&P 500 | 1.55 | 1.09 |
| Max drawdown (3Y) | -79.7% | -33.0% |
| Market cap | $3.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | IMNM | XBI |
|---|---|---|
| 2022 | -82.9% | -25.9% |
| 2023 | +384.2% | +7.6% |
| 2024 | -0.7% | +1.0% |
| 2025 | +102.3% | +35.9% |
| 2026 | +34.4% | +38.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMNM and XBI good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IMNM and XBI?
As of 2026-08-27, the correlation of weekly returns between IMNM and XBI is 0.51 over 3 years, 0.63 over 1 year and 0.40 over 5 years.
Is XBI a good diversifier for IMNM?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 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-xbi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/imnm-vs-xbi/)
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Related comparisons
Hubs: IMNM correlations · XBI correlations
