IMXI vs XFOR: Correlation
International Money Express, Inc. (IMXI) and X4 Pharmaceuticals, Inc. (XFOR) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMXI and XFOR?
On 3 years of weekly data the IMXI/XFOR correlation comes out at 0.39, moderate. The past 12 months show a weaker link (-0.04) than the 3-year average (0.39). The 5-year figure is 0.28, and annualized covariance runs at 2274.2 %².
By 3-year correlation, XFOR places #10 of the 16 assets tracked against IMXI. Their 12-month results are close: +0.5% for IMXI against +0.0% for XFOR. One caveat on sizing: XFOR is 2.5 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 XFOR: side by side
| IMXI (International Money Express, Inc.) | XFOR (X4 Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +0.5% | +0.0% |
| 5-year return | -19.7% | -97.2% |
| Volatility (ann.) | 47.9% | 121.6% |
| Beta vs S&P 500 | 0.78 | 1.66 |
| Max drawdown (3Y) | -61.8% | -96.8% |
| Market cap | $0.4B | $0.4B |
| P/E (trailing) | 23.8 | 2.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMXI | XFOR |
|---|---|---|
| 2022 | +52.7% | -56.6% |
| 2023 | -9.4% | -15.5% |
| 2024 | -5.7% | -12.5% |
| 2025 | -26.3% | -81.8% |
| 2026 | -5.7% | +5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMXI and XFOR good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IMXI and XFOR?
As of 2026-08-27, the correlation of weekly returns between IMXI and XFOR is 0.39 over 3 years, -0.04 over 1 year and 0.28 over 5 years.
Is XFOR a good diversifier for IMXI?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/imxi-vs-xfor.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/imxi-vs-xfor/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IMXI correlations · XFOR correlations
