IBAC vs MNTK: Correlation
IB Acquisition Corp. (IBAC) and Montauk Renewables, Inc. (MNTK) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBAC and MNTK?
On 3 years of weekly data the IBAC/MNTK correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -37.8 %².
By 3-year correlation, MNTK places #41 of the 62 assets tracked against IBAC. Correlation aside, the last 12 months split them widely, with IBAC ahead by 21.1 points (+3.3% versus -17.8%). Note the risk asymmetry: MNTK runs 35.2 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 MNTK: side by side
| IBAC (IB Acquisition Corp.) | MNTK (Montauk Renewables, Inc.) | |
|---|---|---|
| 1-year return | +3.3% | -17.8% |
| 5-year return | n/a | -78.7% |
| Volatility (ann.) | 2.1% | 74.0% |
| Beta vs S&P 500 | -0.00 | 1.62 |
| Max drawdown (3Y) | -3.2% | -89.6% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | 36.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBAC | MNTK |
|---|---|---|
| 2022 | – | +7.6% |
| 2023 | – | -19.2% |
| 2024 | – | -55.3% |
| 2025 | +3.7% | -58.0% |
| 2026 | +3.7% | +7.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBAC and MNTK good diversifiers for each other?
Yes. With a correlation of -0.26, IBAC and MNTK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IBAC and MNTK?
As of 2026-08-27, the correlation of weekly returns between IBAC and MNTK is -0.26 over 3 years, -0.27 over 1 year and n/a over 5 years.
Is MNTK a good diversifier for IBAC?
Yes. With a correlation of -0.26, IBAC and MNTK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ibac-vs-mntk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ibac-vs-mntk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IBAC correlations · MNTK correlations
