FLZH vs IBAC: Correlation
Flash Sports & Media Holdings, Inc. (FLZH) and IB Acquisition Corp. (IBAC) show a negative relationship: their 3-year correlation of weekly returns is -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLZH and IBAC?
Across a 3-year window, the weekly returns of FLZH and IBAC correlate at -0.36, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.43 over 1 year against -0.36 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -360.6 %².
IBAC is close to the least connected end of FLZH's tracked universe, ranking #29 of 31. Their recent paths diverged sharply: over the last 12 months IBAC outperformed by 102.5 percentage points (-99.2% for FLZH against +3.3% for IBAC). One caveat on sizing: FLZH is 202.2 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.
FLZH vs IBAC: side by side
| FLZH (Flash Sports & Media Holdings, Inc.) | IBAC (IB Acquisition Corp.) | |
|---|---|---|
| 1-year return | -99.2% | +3.3% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 424.7% | 2.1% |
| Beta vs S&P 500 | -2.13 | -0.00 |
| Max drawdown (3Y) | -99.9% | -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 | FLZH | IBAC |
|---|---|---|
| 2022 | -74.0% | – |
| 2023 | -48.5% | – |
| 2024 | -32.5% | – |
| 2025 | -70.4% | +3.7% |
| 2026 | -98.9% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLZH and IBAC good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FLZH and IBAC?
As of 2026-08-27, the correlation of weekly returns between FLZH and IBAC is -0.36 over 3 years, -0.43 over 1 year and n/a over 5 years.
Is IBAC a good diversifier for FLZH?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.36 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: FLZH correlations · IBAC correlations
