IMUX vs IRD: Correlation
How closely do Immunic, Inc. (IMUX) and Opus Genetics, Inc. (IRD) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMUX and IRD?
Over the past 3 years, IMUX and IRD moved with a correlation of 0.39, which is moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.39 over 3. Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 2115.2 %².
By 3-year correlation, IRD places #6 of the 13 assets tracked against IMUX. The last year tells two different stories: IRD led by 130.2 percentage points, +90.6% for IMUX against +220.8% for IRD.
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.
IMUX vs IRD: side by side
| IMUX (Immunic, Inc.) | IRD (Opus Genetics, Inc.) | |
|---|---|---|
| 1-year return | +90.6% | +220.8% |
| 5-year return | -83.6% | -11.9% |
| Volatility (ann.) | 76.2% | 71.4% |
| Beta vs S&P 500 | 1.04 | 0.63 |
| Max drawdown (3Y) | -73.8% | -82.6% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMUX | IRD |
|---|---|---|
| 2022 | -85.4% | -5.4% |
| 2023 | +7.1% | -14.7% |
| 2024 | -33.3% | -60.5% |
| 2025 | -46.6% | +68.9% |
| 2026 | +205.2% | +91.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMUX and IRD good diversifiers for each other?
Reasonably. At 0.39, IMUX and IRD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IMUX and IRD?
The IMUX/IRD correlation stands at 0.39 on a 3-year window (1 year: 0.34, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is IRD a good diversifier for IMUX?
Reasonably. At 0.39, IMUX and IRD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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.
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Related comparisons
Hubs: IMUX correlations · IRD correlations
