ACB vs IGC: Correlation
Aurora Cannabis Inc. (ACB) and IGC Pharma, Inc. (IGC) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACB and IGC?
On 3 years of weekly data the ACB/IGC correlation comes out at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.44). The 5-year figure is 0.44, and annualized covariance runs at 2848.4 %².
Within ACB's tracked universe of 15 assets, IGC comes in at #5 by 3-year correlation. Neither side won the trailing year by much: -24.8% against -25.8%.
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.
ACB vs IGC: side by side
| ACB (Aurora Cannabis Inc.) | IGC (IGC Pharma, Inc.) | |
|---|---|---|
| 1-year return | -24.8% | -25.8% |
| 5-year return | -94.4% | -79.0% |
| Volatility (ann.) | 94.9% | 67.5% |
| Beta vs S&P 500 | 1.23 | 0.66 |
| Max drawdown (3Y) | -73.8% | -65.2% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACB | IGC |
|---|---|---|
| 2022 | -82.9% | -67.3% |
| 2023 | -48.4% | -12.5% |
| 2024 | -10.7% | +21.4% |
| 2025 | -0.7% | -17.6% |
| 2026 | -5.0% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACB and IGC good diversifiers for each other?
Reasonably. At 0.44, ACB and IGC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACB and IGC?
The ACB/IGC correlation stands at 0.44 on a 3-year window (1 year: 0.60, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is IGC a good diversifier for ACB?
Reasonably. At 0.44, ACB and IGC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/acb-vs-igc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acb-vs-igc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACB correlations · IGC correlations
