INV vs TMUS: Correlation
Innventure, Inc. (INV) and T-Mobile US (TMUS) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INV and TMUS?
Across a 3-year window, the weekly returns of INV and TMUS correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. Stretching to 5 years gives -0.17, with an annualized covariance of -497.1 %².
Among the 16 assets we track against INV, TMUS sits near the bottom by co-movement, at rank #13. The last year tells two different stories: TMUS led by 41.4 percentage points, -69.4% for INV against -28.0% for TMUS. Note the risk asymmetry: INV runs 3.7 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.
INV vs TMUS: side by side
| INV (Innventure, Inc.) | TMUS (T-Mobile US) | |
|---|---|---|
| 1-year return | -69.4% | -28.0% |
| 5-year return | -85.4% | +34.8% |
| Volatility (ann.) | 90.9% | 24.6% |
| Beta vs S&P 500 | 1.31 | 0.36 |
| Max drawdown (3Y) | -90.4% | -37.1% |
| Market cap | $0.1B | $190.7B |
| P/E (trailing) | – | 18.8 |
| Dividend yield | 0.00% | 2.27% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | INV | TMUS |
|---|---|---|
| 2022 | +1.1% | +20.7% |
| 2023 | +7.3% | +15.0% |
| 2024 | +27.8% | +39.7% |
| 2025 | -69.8% | -6.6% |
| 2026 | -65.1% | -11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INV and TMUS good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between INV and TMUS?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.30 over the last year and -0.17 over 5 years.
Is TMUS a good diversifier for INV?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 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/inv-vs-tmus.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inv-vs-tmus/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INV correlations · TMUS correlations
