IMTX vs NAMS: Correlation
Immatics N.V. (IMTX) and NewAmsterdam Pharma Company N.V. (NAMS) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMTX and NAMS?
Across a 3-year window, the weekly returns of IMTX and NAMS correlate at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Stretching to 5 years gives 0.25, with an annualized covariance of 1991.5 %².
Among the 12 assets we track against IMTX, NAMS ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IMTX ahead by 63.8 points (+73.3% versus +9.5%).
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.
IMTX vs NAMS: side by side
| IMTX (Immatics N.V.) | NAMS (NewAmsterdam Pharma Company N.V.) | |
|---|---|---|
| 1-year return | +73.3% | +9.5% |
| 5-year return | -25.9% | +177.3% |
| Volatility (ann.) | 57.9% | 74.2% |
| Beta vs S&P 500 | 1.62 | 1.73 |
| Max drawdown (3Y) | -74.1% | -45.4% |
| Market cap | $1.4B | $3.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMTX | NAMS |
|---|---|---|
| 2022 | -35.2% | +11.8% |
| 2023 | +20.9% | +2.5% |
| 2024 | -32.5% | +130.1% |
| 2025 | +47.7% | +36.5% |
| 2026 | -10.9% | -23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMTX and NAMS good diversifiers for each other?
Reasonably. At 0.46, IMTX and NAMS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IMTX and NAMS?
As of 2026-08-27, the correlation of weekly returns between IMTX and NAMS is 0.46 over 3 years, 0.50 over 1 year and 0.25 over 5 years.
Is NAMS a good diversifier for IMTX?
Reasonably. At 0.46, IMTX and NAMS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 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/imtx-vs-nams.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/imtx-vs-nams/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IMTX correlations · NAMS correlations
