GASS vs IFBD: Correlation
How closely do StealthGas, Inc. (GASS) and Infobird Co., Ltd (IFBD) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GASS and IFBD?
On 3 years of weekly data the GASS/IFBD correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.07 versus -0.21 over 3 years. The 5-year figure is -0.14, and annualized covariance runs at -1208.8 %².
Among the 11 assets we track against GASS, IFBD sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with GASS ahead by 36.3 points (+23.8% versus -12.5%). Note the risk asymmetry: IFBD runs 3.6 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.
GASS vs IFBD: side by side
| GASS (StealthGas, Inc.) | IFBD (Infobird Co., Ltd) | |
|---|---|---|
| 1-year return | +23.8% | -12.5% |
| 5-year return | +247.3% | -100.0% |
| Volatility (ann.) | 40.3% | 145.7% |
| Beta vs S&P 500 | 0.28 | 0.85 |
| Max drawdown (3Y) | -44.3% | -98.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | 5.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GASS | IFBD |
|---|---|---|
| 2022 | +27.0% | -88.9% |
| 2023 | +141.0% | -97.8% |
| 2024 | -12.5% | -78.4% |
| 2025 | +24.2% | -57.9% |
| 2026 | +35.0% | -4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GASS and IFBD good diversifiers for each other?
Yes. With a correlation of -0.21, GASS and IFBD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GASS and IFBD?
As of 2026-08-27, the correlation of weekly returns between GASS and IFBD is -0.21 over 3 years, -0.07 over 1 year and -0.14 over 5 years.
Is IFBD a good diversifier for GASS?
Yes. With a correlation of -0.21, GASS and IFBD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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: GASS correlations · IFBD correlations
