IBAC vs PALI: Correlation
How closely do IB Acquisition Corp. (IBAC) and Palisade Bio, Inc. (PALI) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBAC and PALI?
Across a 3-year window, the weekly returns of IBAC and PALI correlate at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -52.4 %².
Among the 62 assets we track against IBAC, PALI ranks #29 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PALI ahead by 216.4 points (+3.3% versus +219.7%). Risk is not evenly split, since PALI carries 48.7 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 PALI: side by side
| IBAC (IB Acquisition Corp.) | PALI (Palisade Bio, Inc.) | |
|---|---|---|
| 1-year return | +3.3% | +219.7% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 2.1% | 102.3% |
| Beta vs S&P 500 | -0.00 | 0.30 |
| Max drawdown (3Y) | -3.2% | -97.5% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | 3.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBAC | PALI |
|---|---|---|
| 2022 | – | -92.0% |
| 2023 | – | -88.7% |
| 2024 | – | -81.4% |
| 2025 | +3.7% | +42.4% |
| 2026 | +3.7% | -10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBAC and PALI good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between IBAC and PALI?
As of 2026-08-27, the correlation of weekly returns between IBAC and PALI is -0.23 over 3 years, -0.32 over 1 year and n/a over 5 years.
Is PALI a good diversifier for IBAC?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: IBAC correlations · PALI correlations
