IBAC vs IZM: Correlation
Measured on weekly returns over the past three years, IB Acquisition Corp. (IBAC) and ICZOOM Group Inc. - Class A (IZM) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBAC and IZM?
Over the past 3 years, IBAC and IZM moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.37 over 1 year against -0.29 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -68.1 %².
Within IBAC's tracked universe of 62 assets, IZM comes in at #56 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IBAC ahead by 93.5 points (+3.3% versus -90.2%). Note the risk asymmetry: IZM runs 75.8 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.
IBAC vs IZM: side by side
| IBAC (IB Acquisition Corp.) | IZM (ICZOOM Group Inc. - Class A) | |
|---|---|---|
| 1-year return | +3.3% | -90.2% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 2.1% | 159.2% |
| Beta vs S&P 500 | -0.00 | -0.15 |
| Max drawdown (3Y) | -3.2% | -99.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 2.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBAC | IZM |
|---|---|---|
| 2024 | – | -83.8% |
| 2025 | +3.7% | +50.3% |
| 2026 | +3.7% | -90.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBAC and IZM good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IBAC and IZM?
The IBAC/IZM correlation stands at -0.29 on a 3-year window (1 year: -0.37, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is IZM a good diversifier for IBAC?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ibac-vs-izm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ibac-vs-izm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IBAC correlations · IZM correlations
