IMVT vs NXP: Correlation
Immunovant, Inc. (IMVT) and Nuveen Select Tax Free Income Portfolio (NXP) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMVT and NXP?
Across a 3-year window, the weekly returns of IMVT and NXP correlate at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. Stretching to 5 years gives -0.09, with an annualized covariance of -175.8 %².
Among the 14 assets we track against IMVT, NXP sits near the bottom by co-movement, at rank #14. Correlation aside, the last 12 months split them widely, with IMVT ahead by 182.4 points (+188.7% versus +6.3%). One caveat on sizing: IMVT is 7.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IMVT vs NXP: side by side
| IMVT (Immunovant, Inc.) | NXP (Nuveen Select Tax Free Income Portfolio) | |
|---|---|---|
| 1-year return | +188.7% | +6.3% |
| 5-year return | +424.8% | +0.3% |
| Volatility (ann.) | 71.0% | 9.1% |
| Beta vs S&P 500 | 0.89 | 0.11 |
| Max drawdown (3Y) | -69.9% | -9.1% |
| Market cap | $9.1B | – |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 0.00% | 4.45% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMVT | NXP |
|---|---|---|
| 2022 | +108.3% | -9.5% |
| 2023 | +137.4% | +10.7% |
| 2024 | -41.2% | +6.9% |
| 2025 | +2.6% | -2.7% |
| 2026 | +72.4% | +3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMVT and NXP good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between IMVT and NXP?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.17 over the last year and -0.09 over 5 years.
Is NXP a good diversifier for IMVT?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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/imvt-vs-nxp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/imvt-vs-nxp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IMVT correlations · NXP correlations
