IPM vs VERA: Correlation
Measured on weekly returns over the past three years, Intelligent Protection Management Corp. (IPM) and Vera Therapeutics, Inc. (VERA) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPM and VERA?
Over the past 3 years, IPM and VERA moved with a correlation of 0.34, which is moderate. Lately the two have drifted apart, with the 1-year correlation at -0.00 versus 0.34 over 3 years. Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 2035.3 %².
In IPM's tracked universe of 10 assets, VERA sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months VERA outperformed by 62.7 percentage points (-5.6% for IPM against +57.1% for VERA).
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.
IPM vs VERA: side by side
| IPM (Intelligent Protection Management Corp.) | VERA (Vera Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -5.6% | +57.1% |
| 5-year return | -49.5% | +133.8% |
| Volatility (ann.) | 67.6% | 87.9% |
| Beta vs S&P 500 | 0.96 | 1.47 |
| Max drawdown (3Y) | -72.7% | -62.1% |
| Market cap | – | $2.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPM | VERA |
|---|---|---|
| 2022 | -53.5% | -27.6% |
| 2023 | +77.3% | -20.5% |
| 2024 | -15.0% | +175.0% |
| 2025 | -13.6% | +19.7% |
| 2026 | +8.1% | -31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPM and VERA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IPM and VERA?
As of 2026-08-27, the correlation of weekly returns between IPM and VERA is 0.34 over 3 years, -0.00 over 1 year and 0.15 over 5 years.
Is VERA a good diversifier for IPM?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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: IPM correlations · VERA correlations
