CTOR vs IBAC: Correlation
Citius Oncology, Inc. (CTOR) and IB Acquisition Corp. (IBAC) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTOR and IBAC?
Over the past 3 years, CTOR and IBAC moved with a correlation of 0.27, which is weak. Recent behaviour matches the longer record: 0.31 over 1 year against 0.27 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 118.3 %².
Within CTOR's tracked universe of 21 assets, IBAC comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IBAC outperformed by 65.5 percentage points (-62.2% for CTOR against +3.3% for IBAC). One caveat on sizing: CTOR is 86.8 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.
CTOR vs IBAC: side by side
| CTOR (Citius Oncology, Inc.) | IBAC (IB Acquisition Corp.) | |
|---|---|---|
| 1-year return | -62.2% | +3.3% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 182.3% | 2.1% |
| Beta vs S&P 500 | 1.25 | -0.00 |
| Max drawdown (3Y) | -98.8% | -3.2% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTOR | IBAC |
|---|---|---|
| 2023 | +7.7% | – |
| 2024 | -89.5% | – |
| 2025 | -13.0% | +3.7% |
| 2026 | -21.0% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTOR and IBAC good diversifiers for each other?
Reasonably. At 0.27, CTOR and IBAC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CTOR and IBAC?
As of 2026-08-27, the correlation of weekly returns between CTOR and IBAC is 0.27 over 3 years, 0.31 over 1 year and n/a over 5 years.
Is IBAC a good diversifier for CTOR?
Reasonably. At 0.27, CTOR and IBAC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 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.
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Related comparisons
Hubs: CTOR correlations · IBAC correlations
