IBAC vs LFWD: Correlation
IB Acquisition Corp. (IBAC) and Lifeward Ltd. (LFWD) show a negative 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 LFWD?
Across a 3-year window, the weekly returns of IBAC and LFWD correlate at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.17 over 1 year against -0.25 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -46.7 %².
By 3-year correlation, LFWD places #35 of the 62 assets tracked against IBAC. Twelve-month performance is nearly a tie, at +3.3% for IBAC and -1.6% for LFWD. Note the risk asymmetry: LFWD runs 43.6 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 LFWD: side by side
| IBAC (IB Acquisition Corp.) | LFWD (Lifeward Ltd.) | |
|---|---|---|
| 1-year return | +3.3% | -1.6% |
| 5-year return | n/a | -93.8% |
| Volatility (ann.) | 2.1% | 91.5% |
| Beta vs S&P 500 | -0.00 | 1.20 |
| Max drawdown (3Y) | -3.2% | -95.6% |
| 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 | LFWD |
|---|---|---|
| 2022 | – | -38.2% |
| 2023 | – | +2.4% |
| 2024 | – | -68.2% |
| 2025 | +3.7% | -66.6% |
| 2026 | +3.7% | +6.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBAC and LFWD good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between IBAC and LFWD?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.17 over the last year and n/a over 5 years.
Is LFWD a good diversifier for IBAC?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
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-lfwd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ibac-vs-lfwd/)
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Related comparisons
Hubs: IBAC correlations · LFWD correlations
