FURY vs IBAC: Correlation
Measured on weekly returns over the past three years, Fury Gold Mines Limited (FURY) and IB Acquisition Corp. (IBAC) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FURY and IBAC?
On 3 years of weekly data the FURY/IBAC correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.15 over 1 year against -0.19 over 3. The 5-year figure is n/a, and annualized covariance runs at -23.0 %².
Out of 10 assets tracked against FURY, IBAC lands near the bottom at #8. The last year tells two different stories: FURY led by 18.7 percentage points, +22.0% for FURY against +3.3% for IBAC. Risk is not evenly split, since FURY carries 29.9 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.
FURY vs IBAC: side by side
| FURY (Fury Gold Mines Limited) | IBAC (IB Acquisition Corp.) | |
|---|---|---|
| 1-year return | +22.0% | +3.3% |
| 5-year return | -17.1% | n/a |
| Volatility (ann.) | 62.8% | 2.1% |
| Beta vs S&P 500 | 0.82 | -0.00 |
| Max drawdown (3Y) | -46.9% | -3.2% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FURY | IBAC |
|---|---|---|
| 2022 | -33.3% | – |
| 2023 | +18.5% | – |
| 2024 | -26.9% | – |
| 2025 | +59.5% | +3.7% |
| 2026 | +5.4% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FURY and IBAC good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FURY and IBAC?
The FURY/IBAC correlation stands at -0.19 on a 3-year window (1 year: -0.15, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is IBAC a good diversifier for FURY?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: FURY correlations · IBAC correlations
