AHCO vs IBTA: Correlation
How closely do AdaptHealth Corp. (AHCO) and Ibotta, Inc. (IBTA) trade together? Their weekly returns over three years give a correlation of -0.46, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHCO and IBTA?
On 3 years of weekly data the AHCO/IBTA correlation comes out at -0.46, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.58 versus -0.46 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -2077.3 %².
Out of 21 assets tracked against AHCO, IBTA lands near the bottom at #21. The last year tells two different stories: IBTA led by 79.3 percentage points, -37.0% for AHCO against +42.3% for IBTA.
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.
AHCO vs IBTA: side by side
| AHCO (AdaptHealth Corp.) | IBTA (Ibotta, Inc.) | |
|---|---|---|
| 1-year return | -37.0% | +42.3% |
| 5-year return | -75.6% | n/a |
| Volatility (ann.) | 62.0% | 79.0% |
| Beta vs S&P 500 | 0.40 | 1.45 |
| Max drawdown (3Y) | -61.0% | -82.5% |
| Market cap | $0.8B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHCO | IBTA |
|---|---|---|
| 2022 | -21.4% | – |
| 2023 | -62.1% | – |
| 2024 | +30.6% | – |
| 2025 | +4.6% | -65.1% |
| 2026 | -41.8% | +60.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHCO and IBTA good diversifiers for each other?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
FAQ
What is the correlation between AHCO and IBTA?
As of 2026-08-27, the correlation of weekly returns between AHCO and IBTA is -0.46 over 3 years, -0.58 over 1 year and n/a over 5 years.
Is IBTA a good diversifier for AHCO?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
What does a correlation of -0.46 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/ahco-vs-ibta.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ahco-vs-ibta/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AHCO correlations · IBTA correlations
