FTLF vs IBAC: Correlation
How closely do FitLife Brands, Inc. (FTLF) and IB Acquisition Corp. (IBAC) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTLF and IBAC?
On 3 years of weekly data the FTLF/IBAC correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.42) runs below the 3-year figure (-0.28). The 5-year figure is n/a, and annualized covariance runs at -28.3 %².
IBAC is close to the least connected end of FTLF's tracked universe, ranking #12 of 13. Their recent paths diverged sharply: over the last 12 months IBAC outperformed by 49.4 percentage points (-46.1% for FTLF against +3.3% for IBAC). Note the risk asymmetry: FTLF runs 22.7 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.
FTLF vs IBAC: side by side
| FTLF (FitLife Brands, Inc.) | IBAC (IB Acquisition Corp.) | |
|---|---|---|
| 1-year return | -46.1% | +3.3% |
| 5-year return | +67.4% | n/a |
| Volatility (ann.) | 47.7% | 2.1% |
| Beta vs S&P 500 | 0.47 | -0.00 |
| Max drawdown (3Y) | -57.2% | -3.2% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 16.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTLF | IBAC |
|---|---|---|
| 2022 | -0.3% | – |
| 2023 | +19.7% | – |
| 2024 | +70.7% | – |
| 2025 | -0.2% | +3.7% |
| 2026 | -37.9% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTLF and IBAC good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FTLF and IBAC?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.42 over the last year and n/a over 5 years.
Is IBAC a good diversifier for FTLF?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 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: FTLF correlations · IBAC correlations
