IBAC vs TBN: Correlation
IB Acquisition Corp. (IBAC) and Tamboran Resources Corporation (TBN) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBAC and TBN?
Over the past 3 years, IBAC and TBN moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.36 over 1 year against -0.31 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -35.4 %².
Among the 62 assets we track against IBAC, TBN sits near the bottom by co-movement, at rank #59. Their recent paths diverged sharply: over the last 12 months TBN outperformed by 83.4 percentage points (+3.3% for IBAC against +86.7% for TBN). Risk is not evenly split, since TBN carries 25.0 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 TBN: side by side
| IBAC (IB Acquisition Corp.) | TBN (Tamboran Resources Corporation) | |
|---|---|---|
| 1-year return | +3.3% | +86.7% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 2.1% | 52.6% |
| Beta vs S&P 500 | -0.00 | -0.08 |
| Max drawdown (3Y) | -3.2% | -38.6% |
| Market cap | $0.1B | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Are IBAC and TBN good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IBAC and TBN?
The IBAC/TBN correlation stands at -0.31 on a 3-year window (1 year: -0.36, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TBN a good diversifier for IBAC?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 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 · TBN correlations
