INNV vs. MIRM

Last updated Aug 1, 2026

INNV (InnovAge Holding Corp.) and MIRM (Mirum Pharmaceuticals, Inc.) are both stocks. Both are in the Healthcare sector — INNV in Medical Care Facilities, MIRM in Biotechnology. Over the past 5 years, INNV returned -7.59%/yr vs 48.95%/yr for MIRM. Their 0.15 correlation means their historical movements had little consistent relationship.

Performance

INNV vs. MIRM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in InnovAge Holding Corp. (INNV) and Mirum Pharmaceuticals, Inc. (MIRM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INNV achieves a 118.88% return, which is significantly higher than MIRM's 34.13% return.

INNV

• 1D: -2.07%
• 1M: -5.25%
• 6M: 104.68%
• YTD: 118.88%
• 1Y: 262.94%
• 3Y*: 18.02%
• 5Y*: -7.59%
• 10Y*: —
• ALL TIME*: -12.92%

MIRM

• 1D: -5.90%
• 1M: -15.64%
• 6M: 2.64%
• YTD: 34.13%
• 1Y: 103.67%
• 3Y*: 61.89%
• 5Y*: 48.95%
• 10Y*: —
• ALL TIME*: 34.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
INNV InnovAge Holding Corp.	$2.95M	$3.34M	$3.45M
MIRM Mirum Pharmaceuticals, Inc.	$68.27M	$72.48M	$108.55M

INNV vs. MIRM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
INNV InnovAge Holding Corp.	118.88%	32.06%	-34.50%	-16.43%	43.60%	-79.17%
MIRM Mirum Pharmaceuticals, Inc.	34.13%	91.03%	40.07%	51.38%	22.26%	-10.89%

Correlation

The correlation between INNV and MIRM is 0.13, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.13
Correlation (3Y) Balances recent behavior with more history.	0.17
Correlation (5Y) Shows whether the relationship held over a longer period.	0.13
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021	0.15

Fundamentals

Market Cap INNV : $1.54B MIRM : $6.46B
EPS INNV : -$0.16 MIRM : -$14.43
PS Ratio INNV : 1.63 MIRM : 14.31
PB Ratio INNV : 6.62 MIRM : 25.71
Total Revenue (TTM) INNV : $945.90M MIRM : $409.73M
Gross Profit (TTM) INNV : $140.05M MIRM : -$422.68M
EBITDA (TTM) INNV : $5.26M MIRM : -$771.51M

Return for Risk

INNV vs. MIRM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

INNV

INNV Risk / Return Rank: 96
INNV Sharpe Ratio Rank: 97
INNV Sortino Ratio Rank: 95
INNV Omega Ratio Rank: 93
INNV Calmar Ratio Rank: 98
INNV Martin Ratio Rank: 96

MIRM

MIRM Risk / Return Rank: 92
MIRM Sharpe Ratio Rank: 94
MIRM Sortino Ratio Rank: 90
MIRM Omega Ratio Rank: 91
MIRM Calmar Ratio Rank: 95
MIRM Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

INNV vs. MIRM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for InnovAge Holding Corp. (INNV) and Mirum Pharmaceuticals, Inc. (MIRM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	INNV	MIRM	Difference
Sharpe ratio: Return per unit of total volatility	2.96	2.27	+0.69
Sortino ratio: Return per unit of downside risk	3.46	2.72	+0.73
Omega ratio: Gain probability vs. loss probability	1.42	1.37	+0.05
Calmar ratio: Return relative to maximum drawdown	7.34	5.14	+2.20
Martin ratio: Return relative to average drawdown	15.83	11.27	+4.56

INNV vs. MIRM - Sharpe Ratio Comparison

The current INNV Sharpe Ratio is 2.96, which is higher than the MIRM Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of INNV and MIRM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

INNV vs. MIRM - Drawdown Comparison

The maximum INNV drawdown since its inception was -89.92%, which is greater than MIRM's maximum drawdown of -63.78%. Use the drawdown chart below to compare losses from any high point for INNV and MIRM.

Drawdown Indicators

	INNV	MIRM	Difference
Max Drawdown Largest peak-to-trough decline	-89.92%	-63.78%	-26.14%
Max Drawdown (1Y) Largest decline over 1 year	-33.21%	-20.55%	-12.66%
Max Drawdown (3Y) Largest decline over 3 years	-65.42%	-32.52%	-32.90%
Max Drawdown (5Y) Largest decline over 5 years	-84.76%	-40.25%	-44.51%
Current Drawdown Current decline from peak	-56.37%	-17.59%	-38.78%
Average Drawdown Average peak-to-trough decline	-71.97%	-19.97%	-52.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.37%	9.35%	+6.02%

Volatility

INNV vs. MIRM - Volatility Comparison

InnovAge Holding Corp. (INNV) and Mirum Pharmaceuticals, Inc. (MIRM) have volatilities of 13.88% and 13.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INNV	MIRM	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.88%	13.55%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	51.14%	36.27%	+14.87%
Volatility (1Y) Calculated over the trailing 1-year period	82.81%	46.62%	+36.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.83%	51.81%	+23.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.87%	73.58%	-0.71%

Dividends

INNV vs. MIRM - Dividend Comparison

Neither INNV nor MIRM has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both INNV and MIRM in my portfolio?

INNV and MIRM have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INNV or MIRM?

INNV has higher volatility (13.88%) compared to MIRM (13.55%). In terms of maximum drawdown, INNV dropped -89.92% vs MIRM's -63.78%.

Which has better risk-adjusted returns?

INNV currently has the higher Sharpe Ratio (2.96 vs 2.27), 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.