INAB vs MRKR: Correlation
How closely do IN8bio, Inc. (INAB) and Marker Therapeutics, Inc. (MRKR) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INAB and MRKR?
Across a 3-year window, the weekly returns of INAB and MRKR correlate at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 4133.6 %².
In INAB's tracked universe of 12 assets, MRKR sits right near the top at #3. Correlation aside, the last 12 months split them widely, with MRKR ahead by 109.7 points (-54.4% versus +55.3%).
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.
INAB vs MRKR: side by side
| INAB (IN8bio, Inc.) | MRKR (Marker Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -54.4% | +55.3% |
| 5-year return | -99.5% | -92.3% |
| Volatility (ann.) | 113.3% | 88.6% |
| Beta vs S&P 500 | 1.67 | 1.92 |
| Max drawdown (3Y) | -98.6% | -86.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INAB | MRKR |
|---|---|---|
| 2022 | -47.4% | -71.6% |
| 2023 | -40.3% | +103.7% |
| 2024 | -81.4% | -43.5% |
| 2025 | -69.6% | -52.1% |
| 2026 | -55.6% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INAB and MRKR good diversifiers for each other?
Reasonably. At 0.41, INAB and MRKR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between INAB and MRKR?
The INAB/MRKR correlation stands at 0.41 on a 3-year window (1 year: 0.33, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is MRKR a good diversifier for INAB?
Reasonably. At 0.41, INAB and MRKR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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.
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Related comparisons
Hubs: INAB correlations · MRKR correlations
