IMXI vs OVID: Correlation
How closely do International Money Express, Inc. (IMXI) and Ovid Therapeutics Inc. (OVID) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMXI and OVID?
On 3 years of weekly data the IMXI/OVID correlation comes out at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.10 versus 0.44 over 3 years. The 5-year figure is 0.37, and annualized covariance runs at 2182.7 %².
Within IMXI's tracked universe of 16 assets, OVID comes in at #4 by 3-year correlation. The last year tells two different stories: OVID led by 132.0 percentage points, +0.5% for IMXI against +132.5% for OVID. One caveat on sizing: OVID is 2.2 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.
IMXI vs OVID: side by side
| IMXI (International Money Express, Inc.) | OVID (Ovid Therapeutics Inc.) | |
|---|---|---|
| 1-year return | +0.5% | +132.5% |
| 5-year return | -19.7% | -16.5% |
| Volatility (ann.) | 47.9% | 103.3% |
| Beta vs S&P 500 | 0.78 | 2.01 |
| Max drawdown (3Y) | -61.8% | -93.7% |
| Market cap | $0.4B | $0.6B |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMXI | OVID |
|---|---|---|
| 2022 | +52.7% | -42.1% |
| 2023 | -9.4% | +73.1% |
| 2024 | -5.7% | -71.0% |
| 2025 | -26.3% | +74.5% |
| 2026 | -5.7% | +79.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMXI and OVID good diversifiers for each other?
Reasonably. At 0.44, IMXI and OVID keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IMXI and OVID?
As of 2026-08-27, the correlation of weekly returns between IMXI and OVID is 0.44 over 3 years, 0.10 over 1 year and 0.37 over 5 years.
Is OVID a good diversifier for IMXI?
Reasonably. At 0.44, IMXI and OVID keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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/imxi-vs-ovid.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/imxi-vs-ovid/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IMXI correlations · OVID correlations
