IMRX vs ZYME: Correlation
Measured on weekly returns over the past three years, Immuneering Corporation (IMRX) and Zymeworks Inc. (ZYME) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMRX and ZYME?
On 3 years of weekly data the IMRX/ZYME correlation comes out at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 2124.3 %².
By 3-year correlation, ZYME places #4 of the 11 assets tracked against IMRX. The last year tells two different stories: ZYME led by 93.9 percentage points, +0.4% for IMRX against +94.3% for ZYME. Risk is not evenly split, since IMRX carries 2.4 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.
IMRX vs ZYME: side by side
| IMRX (Immuneering Corporation) | ZYME (Zymeworks Inc.) | |
|---|---|---|
| 1-year return | +0.4% | +94.3% |
| 5-year return | -80.2% | -10.9% |
| Volatility (ann.) | 116.1% | 49.4% |
| Beta vs S&P 500 | 2.14 | 1.02 |
| Max drawdown (3Y) | -88.7% | -45.7% |
| Market cap | $0.3B | $2.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMRX | ZYME |
|---|---|---|
| 2022 | -70.0% | -52.0% |
| 2023 | +51.5% | +32.2% |
| 2024 | -70.1% | +40.9% |
| 2025 | +199.1% | +79.8% |
| 2026 | -20.8% | +10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMRX and ZYME good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IMRX and ZYME?
As of 2026-08-27, the correlation of weekly returns between IMRX and ZYME is 0.37 over 3 years, 0.39 over 1 year and 0.27 over 5 years.
Is ZYME a good diversifier for IMRX?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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
$ curl https://www.pairbook.io/api/v1/pairs/imrx-vs-zyme.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/imrx-vs-zyme/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMRX correlations · ZYME correlations
