IMXI vs YTRA: Correlation
Measured on weekly returns over the past three years, International Money Express, Inc. (IMXI) and Yatra Online, Inc. (YTRA) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMXI and YTRA?
Over the past 3 years, IMXI and YTRA moved with a correlation of 0.41, which is moderate. The past 12 months show a weaker link (0.25) than the 3-year average (0.41). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 1106.2 %².
Among the 16 assets we track against IMXI, YTRA ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IMXI outperformed by 30.1 percentage points (+0.5% for IMXI against -29.6% for YTRA).
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 YTRA: side by side
| IMXI (International Money Express, Inc.) | YTRA (Yatra Online, Inc.) | |
|---|---|---|
| 1-year return | +0.5% | -29.6% |
| 5-year return | -19.7% | -46.2% |
| Volatility (ann.) | 47.9% | 56.1% |
| Beta vs S&P 500 | 0.78 | 1.03 |
| Max drawdown (3Y) | -61.8% | -77.4% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMXI | YTRA |
|---|---|---|
| 2022 | +52.7% | +39.3% |
| 2023 | -9.4% | -32.4% |
| 2024 | -5.7% | -22.7% |
| 2025 | -26.3% | +41.3% |
| 2026 | -5.7% | -44.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMXI and YTRA good diversifiers for each other?
Reasonably. At 0.41, IMXI and YTRA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IMXI and YTRA?
The IMXI/YTRA correlation stands at 0.41 on a 3-year window (1 year: 0.25, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is YTRA a good diversifier for IMXI?
Reasonably. At 0.41, IMXI and YTRA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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.
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Related comparisons
Hubs: IMXI correlations · YTRA correlations
