ATKR vs IBTA: Correlation
How closely do Atkore Inc. (ATKR) and Ibotta, Inc. (IBTA) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATKR and IBTA?
On 3 years of weekly data the ATKR/IBTA correlation comes out at 0.46, moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.46). The 5-year figure is n/a, and annualized covariance runs at 1753.2 %².
Among the 13 assets we track against ATKR, IBTA ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ATKR ahead by 17.6 points (+59.9% versus +42.3%). Note the risk asymmetry: IBTA runs 1.7 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.
ATKR vs IBTA: side by side
| ATKR (Atkore Inc.) | IBTA (Ibotta, Inc.) | |
|---|---|---|
| 1-year return | +59.9% | +42.3% |
| 5-year return | +5.7% | n/a |
| Volatility (ann.) | 46.4% | 79.0% |
| Beta vs S&P 500 | 1.37 | 1.45 |
| Max drawdown (3Y) | -72.8% | -82.5% |
| Market cap | $3.2B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 1.41% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATKR | IBTA |
|---|---|---|
| 2022 | +2.0% | – |
| 2023 | +41.1% | – |
| 2024 | -47.3% | – |
| 2025 | -22.7% | -65.1% |
| 2026 | +50.0% | +60.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATKR and IBTA good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ATKR and IBTA?
The ATKR/IBTA correlation stands at 0.46 on a 3-year window (1 year: 0.57, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is IBTA a good diversifier for ATKR?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/atkr-vs-ibta.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atkr-vs-ibta/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATKR correlations · IBTA correlations
