IMXI vs TLS: Correlation
Measured on weekly returns over the past three years, International Money Express, Inc. (IMXI) and Telos Corporation (TLS) carry a correlation of 0.72, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMXI and TLS?
Across a 3-year window, the weekly returns of IMXI and TLS correlate at 0.72, strong. The link has loosened recently: the 1-year correlation (0.02) runs below the 3-year figure (0.72). Stretching to 5 years gives 0.62, with an annualized covariance of 3806.3 %².
Few assets follow IMXI as closely as TLS, which ranks #1 of 16 tracked partners. Their recent paths diverged sharply: over the last 12 months IMXI outperformed by 17.8 percentage points (+0.5% for IMXI against -17.3% for TLS). Risk is not evenly split, since TLS carries 2.3 times the volatility of the other side.
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 TLS: side by side
| IMXI (International Money Express, Inc.) | TLS (Telos Corporation) | |
|---|---|---|
| 1-year return | +0.5% | -17.3% |
| 5-year return | -19.7% | -85.1% |
| Volatility (ann.) | 47.9% | 110.3% |
| Beta vs S&P 500 | 0.78 | 2.54 |
| Max drawdown (3Y) | -61.8% | -58.3% |
| Market cap | $0.4B | $0.4B |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMXI | TLS |
|---|---|---|
| 2022 | +52.7% | -67.0% |
| 2023 | -9.4% | -28.3% |
| 2024 | -5.7% | -6.3% |
| 2025 | -26.3% | +49.1% |
| 2026 | -5.7% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMXI and TLS good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IMXI and TLS?
As of 2026-08-27, the correlation of weekly returns between IMXI and TLS is 0.72 over 3 years, 0.02 over 1 year and 0.62 over 5 years.
Is TLS a good diversifier for IMXI?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 mean?
A reading of 0.72 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: IMXI correlations · TLS correlations
