HOOD vs IBAC: Correlation
Robinhood Markets (HOOD) 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 HOOD and IBAC?
Across a 3-year window, the weekly returns of HOOD and IBAC correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.16) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -32.2 %².
By 3-year correlation, IBAC places #33 of the 39 assets tracked against HOOD. Neither side won the trailing year by much: +6.6% against +3.3%. One caveat on sizing: HOOD is 34.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
HOOD vs IBAC: side by side
| HOOD (Robinhood Markets) | IBAC (IB Acquisition Corp.) | |
|---|---|---|
| 1-year return | +6.6% | +3.3% |
| 5-year return | +151.5% | n/a |
| Volatility (ann.) | 71.4% | 2.1% |
| Beta vs S&P 500 | 2.88 | -0.00 |
| Max drawdown (3Y) | -57.3% | -3.2% |
| Market cap | $98.7B | $0.1B |
| P/E (trailing) | 48.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | HOOD | IBAC |
|---|---|---|
| 2022 | -54.2% | – |
| 2023 | +56.5% | – |
| 2024 | +192.5% | – |
| 2025 | +203.5% | +3.7% |
| 2026 | -3.0% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOOD and IBAC good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HOOD and IBAC?
As of 2026-08-27, the correlation of weekly returns between HOOD and IBAC is -0.21 over 3 years, -0.16 over 1 year and n/a over 5 years.
Is IBAC a good diversifier for HOOD?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
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/hood-vs-ibac.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hood-vs-ibac/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HOOD correlations · IBAC correlations
