IBAC vs MYPS: Correlation
IB Acquisition Corp. (IBAC) and PLAYSTUDIOS, Inc. (MYPS) 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 MYPS?
Over the past 3 years, IBAC and MYPS moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.15 over 1 year against -0.25 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -32.0 %².
By 3-year correlation, MYPS places #36 of the 62 assets tracked against IBAC. Their recent paths diverged sharply: over the last 12 months IBAC outperformed by 53.3 percentage points (+3.3% for IBAC against -50.0% for MYPS). Note the risk asymmetry: MYPS runs 27.7 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 MYPS: side by side
| IBAC (IB Acquisition Corp.) | MYPS (PLAYSTUDIOS, Inc.) | |
|---|---|---|
| 1-year return | +3.3% | -50.0% |
| 5-year return | n/a | -90.2% |
| Volatility (ann.) | 2.1% | 58.2% |
| Beta vs S&P 500 | -0.00 | 1.24 |
| Max drawdown (3Y) | -3.2% | -88.8% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBAC | MYPS |
|---|---|---|
| 2022 | – | -1.8% |
| 2023 | – | -30.2% |
| 2024 | – | -31.4% |
| 2025 | +3.7% | -64.9% |
| 2026 | +3.7% | -22.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBAC and MYPS good diversifiers for each other?
Yes. With a correlation of -0.25, IBAC and MYPS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IBAC and MYPS?
As of 2026-08-27, the correlation of weekly returns between IBAC and MYPS is -0.25 over 3 years, -0.15 over 1 year and n/a over 5 years.
Is MYPS a good diversifier for IBAC?
Yes. With a correlation of -0.25, IBAC and MYPS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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-myps.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ibac-vs-myps/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IBAC correlations · MYPS correlations
