IBAC vs VZLA: Correlation
IB Acquisition Corp. (IBAC) and Vizsla Silver Corp. (VZLA) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBAC and VZLA?
Across a 3-year window, the weekly returns of IBAC and VZLA correlate at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.27 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -34.7 %².
By 3-year correlation, VZLA places #50 of the 62 assets tracked against IBAC. Over the last 12 months VZLA came out ahead by 14.9 percentage points (+3.3% against +18.2%). One caveat on sizing: VZLA is 28.9 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 VZLA: side by side
| IBAC (IB Acquisition Corp.) | VZLA (Vizsla Silver Corp.) | |
|---|---|---|
| 1-year return | +3.3% | +18.2% |
| 5-year return | n/a | +82.3% |
| Volatility (ann.) | 2.1% | 60.6% |
| Beta vs S&P 500 | -0.00 | 1.23 |
| Max drawdown (3Y) | -3.2% | -56.9% |
| Market cap | $0.1B | $1.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBAC | VZLA |
|---|---|---|
| 2023 | – | +8.7% |
| 2024 | – | +36.8% |
| 2025 | +3.7% | +219.9% |
| 2026 | +3.7% | -23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBAC and VZLA good diversifiers for each other?
Yes. With a correlation of -0.27, IBAC and VZLA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IBAC and VZLA?
The IBAC/VZLA correlation stands at -0.27 on a 3-year window (1 year: -0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VZLA a good diversifier for IBAC?
Yes. With a correlation of -0.27, IBAC and VZLA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: IBAC correlations · VZLA correlations
