IMNN vs SPY: Correlation
Imunon, Inc. (IMNN) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is -0.01.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMNN and SPY?
On 3 years of weekly data the IMNN/SPY correlation comes out at -0.01, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.26 versus -0.01 over 3 years. The 5-year figure is 0.09, and annualized covariance runs at -19.8 %².
Within IMNN's tracked universe of 14 assets, SPY comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 94.2 percentage points (-73.6% for IMNN against +20.6% for SPY). Risk is not evenly split, since IMNN carries 10.0 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.
IMNN vs SPY: side by side
| IMNN (Imunon, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -73.6% | +20.6% |
| 5-year return | -99.2% | +82.4% |
| Volatility (ann.) | 144.4% | 14.5% |
| Beta vs S&P 500 | -0.09 | 1.00 |
| Max drawdown (3Y) | -96.5% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | IMNN | SPY |
|---|---|---|
| 2022 | -83.3% | -18.2% |
| 2023 | -49.6% | +26.2% |
| 2024 | +39.7% | +24.9% |
| 2025 | -69.3% | +17.7% |
| 2026 | -58.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMNN and SPY good diversifiers for each other?
By historical standards, yes. A correlation of -0.01 means the two rarely move for the same reasons.
FAQ
What is the correlation between IMNN and SPY?
As of 2026-08-27, the correlation of weekly returns between IMNN and SPY is -0.01 over 3 years, 0.26 over 1 year and 0.09 over 5 years.
Is SPY a good diversifier for IMNN?
By historical standards, yes. A correlation of -0.01 means the two rarely move for the same reasons.
What does a correlation of -0.01 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.
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Related comparisons
Hubs: IMNN correlations · SPY correlations
