IMVT vs ROIV: Correlation
Immunovant, Inc. (IMVT) and Roivant Sciences Ltd. (ROIV) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMVT and ROIV?
On 3 years of weekly data the IMVT/ROIV correlation comes out at 0.50, moderate. The link has loosened recently: the 1-year correlation (0.39) runs below the 3-year figure (0.50). The 5-year figure is 0.45, and annualized covariance runs at 1269.0 %².
ROIV is one of the assets that tracks IMVT most closely: it ranks #3 out of the 14 assets we track against IMVT. The last year tells two different stories: ROIV led by 24.7 percentage points, +188.7% for IMVT against +213.4% for ROIV. Note the risk asymmetry: IMVT runs 2.0 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.
IMVT vs ROIV: side by side
| IMVT (Immunovant, Inc.) | ROIV (Roivant Sciences Ltd.) | |
|---|---|---|
| 1-year return | +188.7% | +213.4% |
| 5-year return | +424.8% | +278.1% |
| Volatility (ann.) | 71.0% | 36.0% |
| Beta vs S&P 500 | 0.89 | 0.91 |
| Max drawdown (3Y) | -69.9% | -36.5% |
| Market cap | $9.1B | $27.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMVT | ROIV |
|---|---|---|
| 2022 | +108.3% | -20.7% |
| 2023 | +137.4% | +40.6% |
| 2024 | -41.2% | +5.3% |
| 2025 | +2.6% | +83.4% |
| 2026 | +72.4% | +73.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMVT and ROIV good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IMVT and ROIV?
The IMVT/ROIV correlation stands at 0.50 on a 3-year window (1 year: 0.39, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is ROIV a good diversifier for IMVT?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/imvt-vs-roiv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/imvt-vs-roiv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IMVT correlations · ROIV correlations
