INMD vs JBIO: Correlation
How closely do InMode Ltd. (INMD) and Jade Biosciences, Inc. (JBIO) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INMD and JBIO?
Across a 3-year window, the weekly returns of INMD and JBIO correlate at 0.30, moderate. Little has changed lately, as the 1-year reading of 0.25 lands near the 3-year figure. Stretching to 5 years gives 0.22, with an annualized covariance of 1237.9 %².
Out of 14 assets tracked against INMD, JBIO lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with JBIO ahead by 170.1 points (-2.3% versus +167.8%). Note the risk asymmetry: JBIO runs 2.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
INMD vs JBIO: side by side
| INMD (InMode Ltd.) | JBIO (Jade Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -2.3% | +167.8% |
| 5-year return | -77.7% | -96.3% |
| Volatility (ann.) | 38.9% | 106.5% |
| Beta vs S&P 500 | 1.09 | 0.77 |
| Max drawdown (3Y) | -68.2% | -99.4% |
| Market cap | $0.9B | $1.4B |
| P/E (trailing) | 12.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INMD | JBIO |
|---|---|---|
| 2022 | -49.4% | +148.5% |
| 2023 | -37.7% | -22.8% |
| 2024 | -24.9% | -88.3% |
| 2025 | -12.0% | -82.9% |
| 2026 | +1.0% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INMD and JBIO good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INMD and JBIO?
As of 2026-08-27, the correlation of weekly returns between INMD and JBIO is 0.30 over 3 years, 0.25 over 1 year and 0.22 over 5 years.
Is JBIO a good diversifier for INMD?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
A reading of 0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/inmd-vs-jbio.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inmd-vs-jbio/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INMD correlations · JBIO correlations
