ALB vs IBAC: Correlation
Measured on weekly returns over the past three years, Albemarle Corporation (ALB) and IB Acquisition Corp. (IBAC) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALB and IBAC?
On 3 years of weekly data the ALB/IBAC correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.20) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -19.9 %².
IBAC is close to the least connected end of ALB's tracked universe, ranking #32 of 36. The last year tells two different stories: ALB led by 53.6 percentage points, +56.9% for ALB against +3.3% for IBAC. One caveat on sizing: ALB is 25.9 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.
ALB vs IBAC: side by side
| ALB (Albemarle Corporation) | IBAC (IB Acquisition Corp.) | |
|---|---|---|
| 1-year return | +56.9% | +3.3% |
| 5-year return | -39.2% | n/a |
| Volatility (ann.) | 54.3% | 2.1% |
| Beta vs S&P 500 | 1.62 | -0.00 |
| Max drawdown (3Y) | -74.1% | -3.2% |
| Market cap | $16.0B | $0.1B |
| P/E (trailing) | 502.9 | – |
| Dividend yield | 1.20% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ALB | IBAC |
|---|---|---|
| 2022 | -6.6% | – |
| 2023 | -32.8% | – |
| 2024 | -39.5% | – |
| 2025 | +67.7% | +3.7% |
| 2026 | -3.5% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and IBAC good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALB and IBAC?
As of 2026-08-27, the correlation of weekly returns between ALB and IBAC is -0.18 over 3 years, -0.20 over 1 year and n/a over 5 years.
Is IBAC a good diversifier for ALB?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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.
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Related comparisons
Hubs: ALB correlations · IBAC correlations
