IBAC vs RFIL: Correlation
Measured on weekly returns over the past three years, IB Acquisition Corp. (IBAC) and RF Industries, Ltd. (RFIL) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBAC and RFIL?
Over the past 3 years, IBAC and RFIL moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.19 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -30.0 %².
By 3-year correlation, RFIL places #14 of the 62 assets tracked against IBAC. Correlation aside, the last 12 months split them widely, with RFIL ahead by 44.1 points (+3.3% versus +47.4%). Risk is not evenly split, since RFIL carries 32.3 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 RFIL: side by side
| IBAC (IB Acquisition Corp.) | RFIL (RF Industries, Ltd.) | |
|---|---|---|
| 1-year return | +3.3% | +47.4% |
| 5-year return | n/a | +32.3% |
| Volatility (ann.) | 2.1% | 67.8% |
| Beta vs S&P 500 | -0.00 | 0.66 |
| Max drawdown (3Y) | -3.2% | -50.7% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | 83.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBAC | RFIL |
|---|---|---|
| 2022 | – | -35.8% |
| 2023 | – | -40.9% |
| 2024 | – | +28.6% |
| 2025 | +3.7% | +47.8% |
| 2026 | +3.7% | +87.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBAC and RFIL good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IBAC and RFIL?
As of 2026-08-27, the correlation of weekly returns between IBAC and RFIL is -0.19 over 3 years, -0.20 over 1 year and n/a over 5 years.
Is RFIL a good diversifier for IBAC?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: IBAC correlations · RFIL correlations
