INMB vs XBI: Correlation
How closely do INmune Bio Inc. (INMB) and SPDR S&P Biotech ETF (XBI) 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 XBI?
Over the past 3 years, INMB and XBI moved with a correlation of 0.33, which is moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 705.2 %².
By 3-year correlation, XBI places #5 of the 11 assets tracked against INMB. Correlation aside, the last 12 months split them widely, with XBI ahead by 69.8 points (+17.4% versus +87.2%). One caveat on sizing: INMB is 2.7 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.
INMB vs XBI: side by side
| INMB (INmune Bio Inc.) | XBI (SPDR S&P Biotech ETF) | |
|---|---|---|
| 1-year return | +17.4% | +87.2% |
| 5-year return | -89.4% | +28.6% |
| Volatility (ann.) | 76.1% | 27.7% |
| Beta vs S&P 500 | 1.33 | 1.09 |
| Max drawdown (3Y) | -92.0% | -33.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | INMB | XBI |
|---|---|---|
| 2022 | -37.8% | -25.9% |
| 2023 | +77.6% | +7.6% |
| 2024 | -58.5% | +1.0% |
| 2025 | -66.6% | +35.9% |
| 2026 | +53.8% | +38.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INMB and XBI 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 XBI?
The INMB/XBI correlation stands at 0.33 on a 3-year window (1 year: 0.34, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is XBI 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?
A reading of 0.33 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: INMB correlations · XBI correlations
