IBAC vs KRYS: Correlation
How closely do IB Acquisition Corp. (IBAC) and Krystal Biotech, Inc. (KRYS) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBAC and KRYS?
On 3 years of weekly data the IBAC/KRYS correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.10) runs above the 3-year figure (-0.22). The 5-year figure is n/a, and annualized covariance runs at -19.8 %².
Among the 62 assets we track against IBAC, KRYS ranks #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KRYS outperformed by 138.8 percentage points (+3.3% for IBAC against +142.1% for KRYS). Risk is not evenly split, since KRYS carries 24.2 times the volatility of the other side.
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 KRYS: side by side
| IBAC (IB Acquisition Corp.) | KRYS (Krystal Biotech, Inc.) | |
|---|---|---|
| 1-year return | +3.3% | +142.1% |
| 5-year return | n/a | +523.2% |
| Volatility (ann.) | 2.1% | 50.8% |
| Beta vs S&P 500 | -0.00 | 0.77 |
| Max drawdown (3Y) | -3.2% | -42.3% |
| Market cap | $0.1B | $10.6B |
| P/E (trailing) | – | 44.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBAC | KRYS |
|---|---|---|
| 2022 | – | +13.3% |
| 2023 | – | +56.6% |
| 2024 | – | +26.3% |
| 2025 | +3.7% | +57.4% |
| 2026 | +3.7% | +45.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBAC and KRYS good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between IBAC and KRYS?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.10 over the last year and n/a over 5 years.
Is KRYS a good diversifier for IBAC?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ibac-vs-krys.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ibac-vs-krys/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IBAC correlations · KRYS correlations
