INMB vs INO: Correlation
How closely do INmune Bio Inc. (INMB) and Inovio Pharmaceuticals, Inc. (INO) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INMB and INO?
On 3 years of weekly data the INMB/INO correlation comes out at 0.33, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.33 over 3 years. The 5-year figure is 0.34, and annualized covariance runs at 2529.9 %².
By 3-year correlation, INO places #4 of the 11 assets tracked against INMB. Correlation aside, the last 12 months split them widely, with INMB ahead by 66.2 points (+17.4% versus -48.8%).
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.
INMB vs INO: side by side
| INMB (INmune Bio Inc.) | INO (Inovio Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +17.4% | -48.8% |
| 5-year return | -89.4% | -98.8% |
| Volatility (ann.) | 76.1% | 99.4% |
| Beta vs S&P 500 | 1.33 | 1.55 |
| Max drawdown (3Y) | -92.0% | -95.2% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INMB | INO |
|---|---|---|
| 2022 | -37.8% | -68.7% |
| 2023 | +77.6% | -67.3% |
| 2024 | -58.5% | -70.1% |
| 2025 | -66.6% | -4.9% |
| 2026 | +53.8% | -27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INMB and INO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between INMB and INO?
The INMB/INO correlation stands at 0.33 on a 3-year window (1 year: 0.11, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is INO a good diversifier for INMB?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/inmb-vs-ino.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/inmb-vs-ino/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INMB correlations · INO correlations
