BUR vs IBAC: Correlation
How closely do Burford Capital Limited (BUR) and IB Acquisition Corp. (IBAC) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUR and IBAC?
On 3 years of weekly data the BUR/IBAC correlation comes out at 0.26, weak. Lately the two have moved closer together, with the 1-year correlation at 0.50 versus 0.26 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 26.2 %².
By 3-year correlation, IBAC places #9 of the 15 assets tracked against BUR. Their recent paths diverged sharply: over the last 12 months IBAC outperformed by 71.5 percentage points (-68.2% for BUR against +3.3% for IBAC). One caveat on sizing: BUR is 22.1 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.
BUR vs IBAC: side by side
| BUR (Burford Capital Limited) | IBAC (IB Acquisition Corp.) | |
|---|---|---|
| 1-year return | -68.2% | +3.3% |
| 5-year return | -62.0% | n/a |
| Volatility (ann.) | 46.5% | 2.1% |
| Beta vs S&P 500 | 1.40 | -0.00 |
| Max drawdown (3Y) | -75.5% | -3.2% |
| Market cap | $0.9B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 1.45% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUR | IBAC |
|---|---|---|
| 2022 | -21.6% | – |
| 2023 | +93.3% | – |
| 2024 | -17.5% | – |
| 2025 | -29.7% | +3.7% |
| 2026 | -50.9% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUR and IBAC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BUR and IBAC?
The BUR/IBAC correlation stands at 0.26 on a 3-year window (1 year: 0.50, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is IBAC a good diversifier for BUR?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 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/bur-vs-ibac.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bur-vs-ibac/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BUR correlations · IBAC correlations
