IMRX vs LSF: Correlation
Measured on weekly returns over the past three years, Immuneering Corporation (IMRX) and Laird Superfood, Inc. (LSF) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMRX and LSF?
Across a 3-year window, the weekly returns of IMRX and LSF correlate at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.18) than the 3-year average (-0.26). Stretching to 5 years gives -0.16, with an annualized covariance of -5639.5 %².
Among the 11 assets we track against IMRX, LSF sits near the bottom by co-movement, at rank #10. The last year tells two different stories: IMRX led by 33.0 percentage points, +0.4% for IMRX against -32.6% for LSF. Note the risk asymmetry: LSF runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
IMRX vs LSF: side by side
| IMRX (Immuneering Corporation) | LSF (Laird Superfood, Inc.) | |
|---|---|---|
| 1-year return | +0.4% | -32.6% |
| 5-year return | -80.2% | -79.5% |
| Volatility (ann.) | 116.1% | 183.4% |
| Beta vs S&P 500 | 2.14 | 1.17 |
| Max drawdown (3Y) | -88.7% | -79.9% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMRX | LSF |
|---|---|---|
| 2022 | -70.0% | -93.6% |
| 2023 | +51.5% | +8.3% |
| 2024 | -70.1% | +765.9% |
| 2025 | +199.1% | -71.8% |
| 2026 | -20.8% | +74.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMRX and LSF good diversifiers for each other?
Yes. With a correlation of -0.26, IMRX and LSF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IMRX and LSF?
The IMRX/LSF correlation stands at -0.26 on a 3-year window (1 year: 0.18, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is LSF a good diversifier for IMRX?
Yes. With a correlation of -0.26, IMRX and LSF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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[](https://www.pairbook.io/pair/imrx-vs-lsf/)
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Related comparisons
Hubs: IMRX correlations · LSF correlations
