IBAC vs QTTB: Correlation
How closely do IB Acquisition Corp. (IBAC) and Q32 Bio Inc. (QTTB) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBAC and QTTB?
Over the past 3 years, IBAC and QTTB moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.27). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -83.2 %².
Within IBAC's tracked universe of 62 assets, QTTB comes in at #48 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QTTB outperformed by 835.7 percentage points (+3.3% for IBAC against +839.0% for QTTB). One caveat on sizing: QTTB is 64.2 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 QTTB: side by side
| IBAC (IB Acquisition Corp.) | QTTB (Q32 Bio Inc.) | |
|---|---|---|
| 1-year return | +3.3% | +839.0% |
| 5-year return | n/a | -87.4% |
| Volatility (ann.) | 2.1% | 134.9% |
| Beta vs S&P 500 | -0.00 | 0.12 |
| Max drawdown (3Y) | -3.2% | -97.3% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | 5.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBAC | QTTB |
|---|---|---|
| 2022 | – | -65.4% |
| 2023 | – | -51.7% |
| 2024 | – | -68.6% |
| 2025 | +3.7% | -3.5% |
| 2026 | +3.7% | +386.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBAC and QTTB good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between IBAC and QTTB?
As of 2026-08-27, the correlation of weekly returns between IBAC and QTTB is -0.27 over 3 years, -0.39 over 1 year and n/a over 5 years.
Is QTTB a good diversifier for IBAC?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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-qttb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ibac-vs-qttb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IBAC correlations · QTTB correlations
