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HELP vs IBTA: Correlation

Cybin Inc. (HELP) and Ibotta, Inc. (IBTA) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.39
moderate
Correlation (1Y)
0.60
last 12 months
Correlation (5Y)
n/a
long-run
Ann. covariance
2281.3
%² · weekly, annualized

How correlated are HELP and IBTA?

On 3 years of weekly data the HELP/IBTA correlation comes out at 0.39, moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.39). The 5-year figure is n/a, and annualized covariance runs at 2281.3 %².

IBTA is one of the assets that tracks HELP most closely: it ranks #3 out of the 10 assets we track against HELP. Their recent paths diverged sharply: over the last 12 months HELP outperformed by 30.3 percentage points (+72.6% for HELP against +42.3% for IBTA).

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.

HELP vs IBTA: side by side

HELP (Cybin Inc.)IBTA (Ibotta, Inc.)
1-year return+72.6%+42.3%
5-year return-87.2%n/a
Volatility (ann.)82.6%79.0%
Beta vs S&P 5000.701.45
Max drawdown (3Y)-84.3%-82.5%
Market cap$1.0B$0.8B
P/E (trailing)
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Smaller drawdown: IBTA -82.5% vs -84.3%
-38%0%+97%2025-09-052026-08-27
Price paths over the last 12 months, both indexed to 100 at the start (weekly closes). HELP · IBTA

Year-by-year returns

YearHELPIBTA
2022-75.2%
2023+38.0%
2024-43.4%
2025-7.3%-65.1%
2026+61.9%+60.2%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are HELP and IBTA good diversifiers for each other?

Reasonably. At 0.39, HELP and IBTA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.

FAQ

What is the correlation between HELP and IBTA?

The HELP/IBTA correlation stands at 0.39 on a 3-year window (1 year: 0.60, 5 years: n/a), computed from weekly returns as of 2026-08-27.

Is IBTA a good diversifier for HELP?

Reasonably. At 0.39, HELP and IBTA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.

What does a correlation of 0.39 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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HELP vs IBTA: 3-year weekly correlation 0.39HELP vs IBTA0.39

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Related comparisons

Hubs: HELP correlations · IBTA correlations