INNV vs. MIRM

Last updated Jun 23, 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 -16.14%/yr vs 43.73%/yr for MIRM. At a 0.14 correlation, their price movements are largely independent.

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 77.46% return, which is significantly higher than MIRM's 36.43% return.

INNV

• 1D: 2.68%
• 1M: 27.92%
• YTD: 77.46%
• 6M: 62.15%
• 1Y: 136.76%
• 3Y*: 7.61%
• 5Y*: -16.14%
• 10Y*: —

MIRM

• 1D: 0.60%
• 1M: 9.28%
• YTD: 36.43%
• 6M: 32.93%
• 1Y: 114.08%
• 3Y*: 57.95%
• 5Y*: 43.73%
• 10Y*: —

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

INNV vs. MIRM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
INNV InnovAge Holding Corp.	77.46%	32.06%	-34.50%	-16.43%	43.60%	-79.17%
MIRM Mirum Pharmaceuticals, Inc.	36.43%	91.03%	40.07%	51.38%	22.26%	-10.89%

Correlation

The correlation between INNV and MIRM 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	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021	0.14

Fundamentals

Market Cap INNV : $1.25B MIRM : $6.34B
EPS INNV : -$0.16 MIRM : -$14.81
PS Ratio INNV : 1.32 MIRM : 14.19
PB Ratio INNV : 5.37 MIRM : 26.15
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 risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INNV

INNV Risk / Return Rank: 85
INNV Sharpe Ratio Rank: 84
INNV Sortino Ratio Rank: 84
INNV Omega Ratio Rank: 81
INNV Calmar Ratio Rank: 89
INNV Martin Ratio Rank: 85

MIRM

MIRM Risk / Return Rank: 91
MIRM Sharpe Ratio Rank: 93
MIRM Sortino Ratio Rank: 89
MIRM Omega Ratio Rank: 90
MIRM Calmar Ratio Rank: 93
MIRM Martin Ratio Rank: 91

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.

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	1.64	2.56	-0.92
Sortino ratio: Return per unit of downside risk	2.54	2.99	-0.45
Omega ratio: Gain probability vs. loss probability	1.30	1.42	-0.12
Calmar ratio: Return relative to maximum drawdown	4.14	5.58	-1.44
Martin ratio: Return relative to average drawdown	8.13	12.76	-4.63

INNV vs. MIRM - Sharpe Ratio Comparison

The current INNV Sharpe Ratio is 1.64, which is lower than the MIRM Sharpe Ratio of 2.56. 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	-88.24%	-40.25%	-47.99%
Current Drawdown Current decline from peak	-64.63%	-3.25%	-61.38%
Average Drawdown Average peak-to-trough decline	-72.30%	-20.19%	-52.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.89%	8.98%	+7.91%

Volatility

INNV vs. MIRM - Volatility Comparison

InnovAge Holding Corp. (INNV) has a higher volatility of 14.79% compared to Mirum Pharmaceuticals, Inc. (MIRM) at 12.12%. This indicates that INNV's price experiences larger fluctuations and is considered to be riskier than MIRM based on this measure. 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	14.79%	12.12%	+2.67%
Volatility (6M) Calculated over the trailing 6-month period	50.67%	36.23%	+14.44%
Volatility (1Y) Calculated over the trailing 1-year period	83.83%	44.85%	+38.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.66%	51.65%	+23.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.21%	73.91%	-0.70%

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 0.15, 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 (14.79%) compared to MIRM (12.12%). In terms of maximum drawdown, INNV dropped -89.92% vs MIRM's -63.78%.

Which has better risk-adjusted returns?

MIRM currently has the higher Sharpe Ratio (2.56 vs 1.64), 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.