IMVT vs. NDAQ

Last updated Jun 4, 2026

IMVT (Immunovant, Inc.) and NDAQ (Nasdaq, Inc.) are both stocks. IMVT operates in Biotechnology (Healthcare), while NDAQ operates in Financial Data & Stock Exchanges (Financial Services). Over the past 5 years, IMVT returned 25.69%/yr vs 10.36%/yr for NDAQ. At a 0.24 correlation, their price movements are largely independent.

Performance

IMVT vs. NDAQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Immunovant, Inc. (IMVT) and Nasdaq, Inc. (NDAQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IMVT achieves a 22.54% return, which is significantly higher than NDAQ's -10.34% return.

IMVT

• 1D: 0.74%
• 1M: 11.85%
• YTD: 22.54%
• 6M: 37.16%
• 1Y: 101.75%
• 3Y*: 14.67%
• 5Y*: 25.69%
• 10Y*: —

NDAQ

• 1D: -1.25%
• 1M: -4.92%
• YTD: -10.34%
• 6M: -1.10%
• 1Y: 4.84%
• 3Y*: 17.14%
• 5Y*: 10.36%
• 10Y*: 16.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IMVT vs. NDAQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IMVT Immunovant, Inc.	22.54%	2.62%	-41.21%	137.35%	108.33%	-81.55%	191.05%	-0.69%
NDAQ Nasdaq, Inc.	-10.34%	27.19%	34.85%	-3.66%	-11.19%	60.13%	25.99%	0.07%

Correlation

The correlation between IMVT and NDAQ is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since Dec 20, 2019	0.24

Fundamentals

Market Cap IMVT : $6.35B NDAQ : $49.63B
EPS IMVT : -$2.77 NDAQ : $3.32
PB Ratio IMVT : 7.44 NDAQ : 4.12
Total Revenue (TTM) IMVT : $0.00 NDAQ : $8.27B
Gross Profit (TTM) IMVT : -$206.00K NDAQ : $4.53B
EBITDA (TTM) IMVT : -$527.21M NDAQ : $3.11B

Return for Risk

IMVT vs. NDAQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IMVT

IMVT Risk / Return Rank: 86
IMVT Sharpe Ratio Rank: 83
IMVT Sortino Ratio Rank: 87
IMVT Omega Ratio Rank: 81
IMVT Calmar Ratio Rank: 91
IMVT Martin Ratio Rank: 89

NDAQ

NDAQ Risk / Return Rank: 44
NDAQ Sharpe Ratio Rank: 47
NDAQ Sortino Ratio Rank: 39
NDAQ Omega Ratio Rank: 40
NDAQ Calmar Ratio Rank: 45
NDAQ Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IMVT vs. NDAQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Immunovant, Inc. (IMVT) and Nasdaq, Inc. (NDAQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	IMVT	NDAQ	Difference
Sharpe ratio: Return per unit of total volatility	1.64	0.20	+1.44
Sortino ratio: Return per unit of downside risk	2.92	0.42	+2.51
Omega ratio: Gain probability vs. loss probability	1.32	1.06	+0.26
Calmar ratio: Return relative to maximum drawdown	4.88	0.22	+4.65
Martin ratio: Return relative to average drawdown	11.26	0.52	+10.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMVT vs. NDAQ - Sharpe Ratio Comparison

The current IMVT Sharpe Ratio is 1.64, which is higher than the NDAQ Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of IMVT and NDAQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IMVT	NDAQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	0.20	+1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.44	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.37	-0.23

Drawdowns

IMVT vs. NDAQ - Drawdown Comparison

The maximum IMVT drawdown since its inception was -93.59%, which is greater than NDAQ's maximum drawdown of -68.48%. Use the drawdown chart below to compare losses from any high point for IMVT and NDAQ.

Drawdown Indicators

	IMVT	NDAQ	Difference
Max Drawdown Largest peak-to-trough decline	-93.59%	-68.48%	-25.11%
Max Drawdown (1Y) Largest decline over 1 year	-20.98%	-21.76%	+0.78%
Max Drawdown (3Y) Largest decline over 3 years	-69.88%	-21.76%	-48.12%
Max Drawdown (5Y) Largest decline over 5 years	-70.38%	-32.84%	-37.54%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.31%	—
Current Drawdown Current decline from peak	-40.90%	-13.76%	-27.14%
Average Drawdown Average peak-to-trough decline	-54.01%	-23.82%	-30.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.07%	9.24%	-0.17%

Volatility

IMVT vs. NDAQ - Volatility Comparison

Immunovant, Inc. (IMVT) has a higher volatility of 33.78% compared to Nasdaq, Inc. (NDAQ) at 7.32%. This indicates that IMVT's price experiences larger fluctuations and is considered to be riskier than NDAQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMVT	NDAQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.78%	7.32%	+26.46%
Volatility (6M) Calculated over the trailing 6-month period	44.71%	20.64%	+24.07%
Volatility (1Y) Calculated over the trailing 1-year period	62.24%	24.43%	+37.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.80%	23.94%	+50.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.28%	24.25%	+54.03%

Dividends

IMVT vs. NDAQ - Dividend Comparison

IMVT has not paid dividends to shareholders, while NDAQ's dividend yield for the trailing twelve months is around 1.24%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMVT Immunovant, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NDAQ Nasdaq, Inc.	1.24%	1.08%	1.22%	1.48%	1.27%	1.00%	1.46%	1.73%	2.08%	1.90%	1.80%	1.55%

Financials

Frequently Asked Questions

Can I hold both IMVT and NDAQ in my portfolio?

IMVT and NDAQ have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IMVT or NDAQ?

IMVT has higher volatility (33.78%) compared to NDAQ (7.32%). In terms of maximum drawdown, IMVT dropped -93.59% vs NDAQ's -68.48%.

Which has better risk-adjusted returns?

IMVT currently has the higher Sharpe Ratio (1.64 vs 0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.