IBAC vs VRDN: Correlation
IB Acquisition Corp. (IBAC) and Viridian Therapeutics, Inc. (VRDN) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBAC and VRDN?
On 3 years of weekly data the IBAC/VRDN correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.28 over 3. The 5-year figure is n/a, and annualized covariance runs at -39.3 %².
Among the 62 assets we track against IBAC, VRDN ranks #55 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VRDN ahead by 25.4 points (+3.3% versus +28.7%). One caveat on sizing: VRDN is 31.8 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 VRDN: side by side
| IBAC (IB Acquisition Corp.) | VRDN (Viridian Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +3.3% | +28.7% |
| 5-year return | n/a | +80.0% |
| Volatility (ann.) | 2.1% | 66.8% |
| Beta vs S&P 500 | -0.00 | 1.27 |
| Max drawdown (3Y) | -3.2% | -60.6% |
| Market cap | $0.1B | $2.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBAC | VRDN |
|---|---|---|
| 2022 | – | +47.7% |
| 2023 | – | -25.4% |
| 2024 | – | -12.0% |
| 2025 | +3.7% | +62.3% |
| 2026 | +3.7% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBAC and VRDN 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 VRDN?
As of 2026-08-27, the correlation of weekly returns between IBAC and VRDN is -0.28 over 3 years, -0.24 over 1 year and n/a over 5 years.
Is VRDN 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 · VRDN correlations
