DAIO vs IBAC: Correlation
Data I/O Corporation (DAIO) and IB Acquisition Corp. (IBAC) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAIO and IBAC?
Over the past 3 years, DAIO and IBAC moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.44 versus -0.32 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -30.8 %².
Out of 16 assets tracked against DAIO, IBAC lands near the bottom at #16. Neither side won the trailing year by much: -0.7% against +3.3%. One caveat on sizing: DAIO is 20.8 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.
DAIO vs IBAC: side by side
| DAIO (Data I/O Corporation) | IBAC (IB Acquisition Corp.) | |
|---|---|---|
| 1-year return | -0.7% | +3.3% |
| 5-year return | -48.4% | n/a |
| Volatility (ann.) | 43.6% | 2.1% |
| Beta vs S&P 500 | 0.74 | -0.00 |
| Max drawdown (3Y) | -52.9% | -3.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAIO | IBAC |
|---|---|---|
| 2022 | -13.9% | – |
| 2023 | -25.9% | – |
| 2024 | -5.8% | – |
| 2025 | +14.4% | +3.7% |
| 2026 | -6.0% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAIO and IBAC good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between DAIO and IBAC?
As of 2026-08-27, the correlation of weekly returns between DAIO and IBAC is -0.32 over 3 years, -0.44 over 1 year and n/a over 5 years.
Is IBAC a good diversifier for DAIO?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
A reading of -0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DAIO correlations · IBAC correlations
