GSIT vs IBAC: Correlation
GSI Technology, Inc. (GSIT) and IB Acquisition Corp. (IBAC) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSIT and IBAC?
Across a 3-year window, the weekly returns of GSIT and IBAC correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -46.2 %².
Among the 11 assets we track against GSIT, IBAC sits near the bottom by co-movement, at rank #9. The last year tells two different stories: GSIT led by 94.0 percentage points, +97.3% for GSIT against +3.3% for IBAC. Note the risk asymmetry: GSIT runs 52.0 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.
GSIT vs IBAC: side by side
| GSIT (GSI Technology, Inc.) | IBAC (IB Acquisition Corp.) | |
|---|---|---|
| 1-year return | +97.3% | +3.3% |
| 5-year return | +5.1% | n/a |
| Volatility (ann.) | 109.2% | 2.1% |
| Beta vs S&P 500 | 3.12 | -0.00 |
| Max drawdown (3Y) | -66.7% | -3.2% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSIT | IBAC |
|---|---|---|
| 2022 | -62.6% | – |
| 2023 | +52.6% | – |
| 2024 | +14.8% | – |
| 2025 | +105.0% | +3.7% |
| 2026 | -4.3% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSIT and IBAC good diversifiers for each other?
Yes. With a correlation of -0.21, GSIT and IBAC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GSIT and IBAC?
The GSIT/IBAC correlation stands at -0.21 on a 3-year window (1 year: -0.17, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is IBAC a good diversifier for GSIT?
Yes. With a correlation of -0.21, GSIT and IBAC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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
$ curl https://www.pairbook.io/api/v1/pairs/gsit-vs-ibac.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gsit-vs-ibac/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GSIT correlations · IBAC correlations
