AORT vs IBP: Correlation
How closely do Artivion, Inc. (AORT) and Installed Building Products, Inc. (IBP) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AORT and IBP?
Across a 3-year window, the weekly returns of AORT and IBP correlate at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 1046.5 %².
Few assets follow AORT as closely as IBP, which ranks #2 of 15 tracked partners. The last year tells two different stories: IBP led by 29.7 percentage points, -39.0% for AORT against -9.3% for IBP.
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.
AORT vs IBP: side by side
| AORT (Artivion, Inc.) | IBP (Installed Building Products, Inc.) | |
|---|---|---|
| 1-year return | -39.0% | -9.3% |
| 5-year return | +3.6% | +107.4% |
| Volatility (ann.) | 47.1% | 45.9% |
| Beta vs S&P 500 | 0.88 | 1.13 |
| Max drawdown (3Y) | -57.8% | -42.7% |
| Market cap | $1.3B | $6.4B |
| P/E (trailing) | – | 26.5 |
| Dividend yield | 0.00% | 0.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AORT | IBP |
|---|---|---|
| 2022 | -40.4% | -37.3% |
| 2023 | +47.5% | +117.6% |
| 2024 | +59.9% | -2.9% |
| 2025 | +59.5% | +50.6% |
| 2026 | -41.5% | -6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AORT and IBP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AORT and IBP?
The AORT/IBP correlation stands at 0.48 on a 3-year window (1 year: 0.55, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is IBP a good diversifier for AORT?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/aort-vs-ibp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aort-vs-ibp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AORT correlations · IBP correlations
