ESEA vs IFBD: Correlation
How closely do Euroseas Ltd. (ESEA) and Infobird Co., Ltd (IFBD) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESEA and IFBD?
Over the past 3 years, ESEA and IFBD moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.11) than the 3-year average (-0.24). Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -1581.4 %².
Among the 10 assets we track against ESEA, IFBD sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with ESEA ahead by 41.2 points (+28.7% versus -12.5%). Note the risk asymmetry: IFBD runs 3.2 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.
ESEA vs IFBD: side by side
| ESEA (Euroseas Ltd.) | IFBD (Infobird Co., Ltd) | |
|---|---|---|
| 1-year return | +28.7% | -12.5% |
| 5-year return | +417.1% | -100.0% |
| Volatility (ann.) | 45.2% | 145.7% |
| Beta vs S&P 500 | 0.96 | 0.85 |
| Max drawdown (3Y) | -38.0% | -98.4% |
| Market cap | $0.5B | – |
| P/E (trailing) | 3.8 | – |
| Dividend yield | 4.10% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ESEA | IFBD |
|---|---|---|
| 2022 | -21.0% | -88.9% |
| 2023 | +83.4% | -97.8% |
| 2024 | +23.6% | -78.4% |
| 2025 | +96.0% | -57.9% |
| 2026 | +43.3% | -4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESEA and IFBD good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between ESEA and IFBD?
The ESEA/IFBD correlation stands at -0.24 on a 3-year window (1 year: 0.11, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is IFBD a good diversifier for ESEA?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
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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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/esea-vs-ifbd/)
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Related comparisons
Hubs: ESEA correlations · IFBD correlations
