ACHC vs IBTA: Correlation
Acadia Healthcare Company, Inc. (ACHC) and Ibotta, Inc. (IBTA) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACHC and IBTA?
On 3 years of weekly data the ACHC/IBTA correlation comes out at 0.34, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1741.2 %².
By 3-year correlation, IBTA places #5 of the 10 assets tracked against ACHC. Over the last 12 months IBTA came out ahead by 6.1 percentage points (+36.2% against +42.3%).
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.
ACHC vs IBTA: side by side
| ACHC (Acadia Healthcare Company, Inc.) | IBTA (Ibotta, Inc.) | |
|---|---|---|
| 1-year return | +36.2% | +42.3% |
| 5-year return | -54.4% | n/a |
| Volatility (ann.) | 58.4% | 79.0% |
| Beta vs S&P 500 | 0.62 | 1.45 |
| Max drawdown (3Y) | -86.6% | -82.5% |
| Market cap | $2.8B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACHC | IBTA |
|---|---|---|
| 2022 | +35.6% | – |
| 2023 | -5.5% | – |
| 2024 | -49.0% | – |
| 2025 | -64.2% | -65.1% |
| 2026 | +113.0% | +60.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACHC and IBTA good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACHC and IBTA?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.32 over the last year and n/a over 5 years.
Is IBTA a good diversifier for ACHC?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/achc-vs-ibta.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/achc-vs-ibta/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACHC correlations · IBTA correlations
