EEIQ vs IBAC: Correlation
Measured on weekly returns over the past three years, EpicQuest Education Group International Limited (EEIQ) and IB Acquisition Corp. (IBAC) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EEIQ and IBAC?
On 3 years of weekly data the EEIQ/IBAC correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.40) than the 3-year average (-0.30). The 5-year figure is n/a, and annualized covariance runs at -131.0 %².
Out of 16 assets tracked against EEIQ, IBAC lands near the bottom at #14. Correlation aside, the last 12 months split them widely, with IBAC ahead by 71.6 points (-68.3% versus +3.3%). Risk is not evenly split, since EEIQ carries 92.0 times the volatility of the other side.
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.
EEIQ vs IBAC: side by side
| EEIQ (EpicQuest Education Group International Limited) | IBAC (IB Acquisition Corp.) | |
|---|---|---|
| 1-year return | -68.3% | +3.3% |
| 5-year return | -95.4% | n/a |
| Volatility (ann.) | 193.1% | 2.1% |
| Beta vs S&P 500 | -0.48 | -0.00 |
| Max drawdown (3Y) | -94.3% | -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 | EEIQ | IBAC |
|---|---|---|
| 2022 | -33.0% | – |
| 2023 | -11.8% | – |
| 2024 | -46.7% | – |
| 2025 | -78.7% | +3.7% |
| 2026 | -25.1% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EEIQ and IBAC good diversifiers for each other?
Yes. With a correlation of -0.30, EEIQ and IBAC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EEIQ and IBAC?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.40 over the last year and n/a over 5 years.
Is IBAC a good diversifier for EEIQ?
Yes. With a correlation of -0.30, EEIQ and IBAC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 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: EEIQ correlations · IBAC correlations
