IBAC vs MGRX: Correlation
Measured on weekly returns over the past three years, IB Acquisition Corp. (IBAC) and Mangoceuticals, Inc. (MGRX) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBAC and MGRX?
Over the past 3 years, IBAC and MGRX moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.42 over 1 year against -0.34 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -135.9 %².
Among the 62 assets we track against IBAC, MGRX sits near the bottom by co-movement, at rank #61. The last year tells two different stories: IBAC led by 82.9 percentage points, +3.3% for IBAC against -79.6% for MGRX. One caveat on sizing: MGRX is 85.1 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 MGRX: side by side
| IBAC (IB Acquisition Corp.) | MGRX (Mangoceuticals, Inc.) | |
|---|---|---|
| 1-year return | +3.3% | -79.6% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 2.1% | 178.7% |
| Beta vs S&P 500 | -0.00 | -1.27 |
| Max drawdown (3Y) | -3.2% | -99.1% |
| 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 | MGRX |
|---|---|---|
| 2024 | – | -41.8% |
| 2025 | +3.7% | -69.4% |
| 2026 | +3.7% | -45.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBAC and MGRX good diversifiers for each other?
Yes. With a correlation of -0.34, IBAC and MGRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IBAC and MGRX?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.42 over the last year and n/a over 5 years.
Is MGRX a good diversifier for IBAC?
Yes. With a correlation of -0.34, IBAC and MGRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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-mgrx.json
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[](https://www.pairbook.io/pair/ibac-vs-mgrx/)
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Related comparisons
Hubs: IBAC correlations · MGRX correlations
