BOF vs IPM: Correlation
How closely do BranchOut Food Inc. (BOF) and Intelligent Protection Management Corp. (IPM) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOF and IPM?
On 3 years of weekly data the BOF/IPM correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.06) runs above the 3-year figure (-0.22). The 5-year figure is n/a, and annualized covariance runs at -2463.0 %².
Out of 10 assets tracked against BOF, IPM lands near the bottom at #9. The last year tells two different stories: BOF led by 102.7 percentage points, +97.1% for BOF against -5.6% for IPM. One caveat on sizing: BOF is 2.4 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.
BOF vs IPM: side by side
| BOF (BranchOut Food Inc.) | IPM (Intelligent Protection Management Corp.) | |
|---|---|---|
| 1-year return | +97.1% | -5.6% |
| 5-year return | n/a | -49.5% |
| Volatility (ann.) | 162.9% | 67.6% |
| Beta vs S&P 500 | 1.19 | 0.96 |
| Max drawdown (3Y) | -76.8% | -72.7% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOF | IPM |
|---|---|---|
| 2022 | – | -53.5% |
| 2023 | – | +77.3% |
| 2024 | +43.0% | -15.0% |
| 2025 | +83.8% | -13.6% |
| 2026 | +30.2% | +8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOF and IPM good diversifiers for each other?
Yes. With a correlation of -0.22, BOF and IPM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BOF and IPM?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with 0.06 over the last year and n/a over 5 years.
Is IPM a good diversifier for BOF?
Yes. With a correlation of -0.22, BOF and IPM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bof-vs-ipm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bof-vs-ipm/)
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Hubs: BOF correlations · IPM correlations
