IRMD vs PODD: Correlation
How closely do iRadimed Corporation (IRMD) and Insulet Corporation (PODD) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IRMD and PODD?
Over the past 3 years, IRMD and PODD moved with a correlation of 0.40, which is moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.40 over 3. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 479.5 %².
Within IRMD's tracked universe of 13 assets, PODD comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IRMD outperformed by 76.5 percentage points (+19.4% for IRMD against -57.1% for PODD).
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.
IRMD vs PODD: side by side
| IRMD (iRadimed Corporation) | PODD (Insulet Corporation) | |
|---|---|---|
| 1-year return | +19.4% | -57.1% |
| 5-year return | +185.4% | -51.6% |
| Volatility (ann.) | 30.9% | 38.9% |
| Beta vs S&P 500 | 0.61 | 0.67 |
| Max drawdown (3Y) | -24.9% | -62.2% |
| Market cap | $1.1B | $9.9B |
| P/E (trailing) | 48.9 | 26.9 |
| Dividend yield | 0.88% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | IRMD | PODD |
|---|---|---|
| 2022 | -37.5% | +10.6% |
| 2023 | +75.4% | -26.3% |
| 2024 | +17.0% | +20.3% |
| 2025 | +79.7% | +8.9% |
| 2026 | -10.0% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IRMD and PODD good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IRMD and PODD?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.37 over the last year and 0.27 over 5 years.
Is PODD a good diversifier for IRMD?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/irmd-vs-podd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/irmd-vs-podd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IRMD correlations · PODD correlations
