DELL vs IBAC: Correlation
Measured on weekly returns over the past three years, Dell Technologies (DELL) and IB Acquisition Corp. (IBAC) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DELL and IBAC?
On 3 years of weekly data the DELL/IBAC correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.13) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -26.0 %².
Within DELL's tracked universe of 29 assets, IBAC comes in at #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DELL outperformed by 257.7 percentage points (+261.0% for DELL against +3.3% for IBAC). Note the risk asymmetry: DELL runs 29.2 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.
DELL vs IBAC: side by side
| DELL (Dell Technologies) | IBAC (IB Acquisition Corp.) | |
|---|---|---|
| 1-year return | +261.0% | +3.3% |
| 5-year return | +945.0% | n/a |
| Volatility (ann.) | 61.3% | 2.1% |
| Beta vs S&P 500 | 2.02 | -0.00 |
| Max drawdown (3Y) | -59.6% | -3.2% |
| Market cap | $305.1B | $0.1B |
| P/E (trailing) | 36.9 | – |
| Dividend yield | 0.48% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | DELL | IBAC |
|---|---|---|
| 2022 | -26.6% | – |
| 2023 | +95.9% | – |
| 2024 | +53.0% | – |
| 2025 | +11.2% | +3.7% |
| 2026 | +278.6% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DELL and IBAC good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DELL and IBAC?
The DELL/IBAC correlation stands at -0.20 on a 3-year window (1 year: -0.13, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is IBAC a good diversifier for DELL?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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: DELL correlations · IBAC correlations
