AIFC vs IONS: Correlation
AI Financial Corporation (AIFC) and Ionis Pharmaceuticals, Inc. (IONS) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIFC and IONS?
Over the past 3 years, AIFC and IONS moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.23 over 1 year against -0.23 over 3. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -1465.1 %².
IONS is close to the least connected end of AIFC's tracked universe, ranking #9 of 11. The last year tells two different stories: IONS led by 137.3 percentage points, -91.3% for AIFC against +46.0% for IONS. Note the risk asymmetry: AIFC runs 3.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AIFC vs IONS: side by side
| AIFC (AI Financial Corporation) | IONS (Ionis Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -91.3% | +46.0% |
| 5-year return | -91.3% | +59.5% |
| Volatility (ann.) | 142.2% | 44.7% |
| Beta vs S&P 500 | 0.34 | 0.72 |
| Max drawdown (3Y) | -96.4% | -52.4% |
| Market cap | $0.1B | $10.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIFC | IONS |
|---|---|---|
| 2022 | -66.5% | +24.1% |
| 2023 | -59.1% | +33.9% |
| 2024 | +730.4% | -30.9% |
| 2025 | -76.3% | +126.3% |
| 2026 | -45.6% | -21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIFC and IONS good diversifiers for each other?
Yes. With a correlation of -0.23, AIFC and IONS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIFC and IONS?
As of 2026-08-27, the correlation of weekly returns between AIFC and IONS is -0.23 over 3 years, -0.23 over 1 year and -0.15 over 5 years.
Is IONS a good diversifier for AIFC?
Yes. With a correlation of -0.23, AIFC and IONS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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/aifc-vs-ions.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aifc-vs-ions/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIFC correlations · IONS correlations
