IMTX vs TSHA: Correlation
Measured on weekly returns over the past three years, Immatics N.V. (IMTX) and Taysha Gene Therapies, Inc. (TSHA) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMTX and TSHA?
On 3 years of weekly data the IMTX/TSHA correlation comes out at 0.42, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.42 over 3 years. The 5-year figure is 0.25, and annualized covariance runs at 2466.2 %².
Among the 12 assets we track against IMTX, TSHA ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TSHA outperformed by 27.4 percentage points (+73.3% for IMTX against +100.7% for TSHA). Note the risk asymmetry: TSHA runs 1.8 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.
IMTX vs TSHA: side by side
| IMTX (Immatics N.V.) | TSHA (Taysha Gene Therapies, Inc.) | |
|---|---|---|
| 1-year return | +73.3% | +100.7% |
| 5-year return | -25.9% | -69.5% |
| Volatility (ann.) | 57.9% | 101.5% |
| Beta vs S&P 500 | 1.62 | 2.63 |
| Max drawdown (3Y) | -74.1% | -72.9% |
| Market cap | $1.4B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMTX | TSHA |
|---|---|---|
| 2022 | -35.2% | -80.6% |
| 2023 | +20.9% | -21.7% |
| 2024 | -32.5% | -2.3% |
| 2025 | +47.7% | +217.9% |
| 2026 | -10.9% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMTX and TSHA good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IMTX and TSHA?
The IMTX/TSHA correlation stands at 0.42 on a 3-year window (1 year: 0.56, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is TSHA a good diversifier for IMTX?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/imtx-vs-tsha.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/imtx-vs-tsha/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMTX correlations · TSHA correlations
