IBAC vs TUSK: Correlation
Measured on weekly returns over the past three years, IB Acquisition Corp. (IBAC) and Mammoth Energy Services, Inc. (TUSK) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBAC and TUSK?
Across a 3-year window, the weekly returns of IBAC and TUSK correlate at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.28 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -39.7 %².
By 3-year correlation, TUSK places #54 of the 62 assets tracked against IBAC. Correlation aside, the last 12 months split them widely, with TUSK ahead by 31.9 points (+3.3% versus +35.2%). Risk is not evenly split, since TUSK carries 29.4 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 TUSK: side by side
| IBAC (IB Acquisition Corp.) | TUSK (Mammoth Energy Services, Inc.) | |
|---|---|---|
| 1-year return | +3.3% | +35.2% |
| 5-year return | n/a | -7.4% |
| Volatility (ann.) | 2.1% | 61.8% |
| Beta vs S&P 500 | -0.00 | 0.49 |
| Max drawdown (3Y) | -3.2% | -66.3% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBAC | TUSK |
|---|---|---|
| 2022 | – | +375.3% |
| 2023 | – | -48.4% |
| 2024 | – | -32.7% |
| 2025 | +3.7% | -38.3% |
| 2026 | +3.7% | +70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBAC and TUSK good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between IBAC and TUSK?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.41 over the last year and n/a over 5 years.
Is TUSK a good diversifier for IBAC?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 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 · TUSK correlations
