AIRE vs IBEX: Correlation
reAlpha Tech Corp. (AIRE) and IBEX Limited - Common Share (IBEX) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRE and IBEX?
Over the past 3 years, AIRE and IBEX moved with a correlation of 0.45, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.74 versus 0.45 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4468.5 %².
By 3-year correlation, IBEX places #9 of the 18 assets tracked against AIRE. The last year tells two different stories: IBEX led by 107.1 percentage points, -80.4% for AIRE against +26.7% for IBEX. One caveat on sizing: AIRE is 5.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AIRE vs IBEX: side by side
| AIRE (reAlpha Tech Corp.) | IBEX (IBEX Limited - Common Share) | |
|---|---|---|
| 1-year return | -80.4% | +26.7% |
| 5-year return | n/a | +104.6% |
| Volatility (ann.) | 227.0% | 45.5% |
| Beta vs S&P 500 | 2.00 | 1.03 |
| Max drawdown (3Y) | -100.0% | -37.1% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | 11.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIRE | IBEX |
|---|---|---|
| 2022 | – | +92.8% |
| 2023 | – | -23.5% |
| 2024 | +45.2% | +13.0% |
| 2025 | -85.6% | +77.7% |
| 2026 | -83.8% | -2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRE and IBEX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AIRE and IBEX?
As of 2026-08-27, the correlation of weekly returns between AIRE and IBEX is 0.45 over 3 years, 0.74 over 1 year and n/a over 5 years.
Is IBEX a good diversifier for AIRE?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aire-vs-ibex.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aire-vs-ibex/)
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Related comparisons
Hubs: AIRE correlations · IBEX correlations
