CSCO vs IBAC: Correlation
Measured on weekly returns over the past three years, Cisco (CSCO) and IB Acquisition Corp. (IBAC) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSCO and IBAC?
Over the past 3 years, CSCO and IBAC moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -14.4 %².
IBAC is close to the least connected end of CSCO's tracked universe, ranking #27 of 30. Their recent paths diverged sharply: over the last 12 months CSCO outperformed by 64.0 percentage points (+67.3% for CSCO against +3.3% for IBAC). Note the risk asymmetry: CSCO runs 12.6 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.
CSCO vs IBAC: side by side
| CSCO (Cisco) | IBAC (IB Acquisition Corp.) | |
|---|---|---|
| 1-year return | +67.3% | +3.3% |
| 5-year return | +118.1% | n/a |
| Volatility (ann.) | 26.4% | 2.1% |
| Beta vs S&P 500 | 0.84 | -0.00 |
| Max drawdown (3Y) | -20.2% | -3.2% |
| Market cap | $442.0B | $0.1B |
| P/E (trailing) | 33.8 | – |
| Dividend yield | 1.48% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CSCO | IBAC |
|---|---|---|
| 2022 | -22.5% | – |
| 2023 | +9.3% | – |
| 2024 | +21.0% | – |
| 2025 | +33.5% | +3.7% |
| 2026 | +47.7% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSCO and IBAC good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CSCO and IBAC?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.31 over the last year and n/a over 5 years.
Is IBAC a good diversifier for CSCO?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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
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Related comparisons
Hubs: CSCO correlations · IBAC correlations
