IBAC vs KALA: Correlation
IB Acquisition Corp. (IBAC) and KALA BIO, Inc. (KALA) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBAC and KALA?
Over the past 3 years, IBAC and KALA moved with a correlation of 0.25, which is weak. The past 12 months show a tighter link (0.36) than the 3-year average (0.25). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 69.4 %².
Among the 62 assets we track against IBAC, KALA ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IBAC outperformed by 103.1 percentage points (+3.3% for IBAC against -99.8% for KALA). One caveat on sizing: KALA is 57.0 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.
IBAC vs KALA: side by side
| IBAC (IB Acquisition Corp.) | KALA (KALA BIO, Inc.) | |
|---|---|---|
| 1-year return | +3.3% | -99.8% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 2.1% | 119.6% |
| Beta vs S&P 500 | -0.00 | 1.73 |
| Max drawdown (3Y) | -3.2% | -99.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBAC | KALA |
|---|---|---|
| 2022 | – | -36.9% |
| 2023 | – | -81.7% |
| 2024 | – | -0.9% |
| 2025 | +3.7% | -92.0% |
| 2026 | +3.7% | -97.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBAC and KALA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IBAC and KALA?
The IBAC/KALA correlation stands at 0.25 on a 3-year window (1 year: 0.36, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is KALA a good diversifier for IBAC?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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-kala.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ibac-vs-kala/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IBAC correlations · KALA correlations
