IMRX vs PRME: Correlation
Immuneering Corporation (IMRX) and Prime Medicine, Inc. (PRME) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMRX and PRME?
Across a 3-year window, the weekly returns of IMRX and PRME correlate at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.39 over 3 years. Stretching to 5 years gives 0.32, with an annualized covariance of 4448.9 %².
PRME is one of the assets that tracks IMRX most closely: it ranks #3 out of the 11 assets we track against IMRX. The trailing year gives PRME the advantage: +0.4% versus +6.1%, a 5.7-point spread.
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 PRME: side by side
| IMRX (Immuneering Corporation) | PRME (Prime Medicine, Inc.) | |
|---|---|---|
| 1-year return | +0.4% | +6.1% |
| 5-year return | -80.2% | n/a |
| Volatility (ann.) | 116.1% | 98.7% |
| Beta vs S&P 500 | 2.14 | 2.97 |
| Max drawdown (3Y) | -88.7% | -91.4% |
| Market cap | $0.3B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMRX | PRME |
|---|---|---|
| 2022 | -70.0% | – |
| 2023 | +51.5% | -52.3% |
| 2024 | -70.1% | -67.0% |
| 2025 | +199.1% | +18.8% |
| 2026 | -20.8% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMRX and PRME good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IMRX and PRME?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.16 over the last year and 0.32 over 5 years.
Is PRME a good diversifier for IMRX?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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/imrx-vs-prme.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/imrx-vs-prme/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IMRX correlations · PRME correlations
