IBAC vs WFG: Correlation
IB Acquisition Corp. (IBAC) and West Fraser Timber Co. Ltd (WFG) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBAC and WFG?
Across a 3-year window, the weekly returns of IBAC and WFG correlate at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -10.8 %².
By 3-year correlation, WFG places #15 of the 62 assets tracked against IBAC. On 12-month performance IBAC holds a 6.9-point edge, +3.3% against -3.6%. Note the risk asymmetry: WFG runs 13.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 WFG: side by side
| IBAC (IB Acquisition Corp.) | WFG (West Fraser Timber Co. Ltd) | |
|---|---|---|
| 1-year return | +3.3% | -3.6% |
| 5-year return | n/a | -6.2% |
| Volatility (ann.) | 2.1% | 28.1% |
| Beta vs S&P 500 | -0.00 | 0.63 |
| Max drawdown (3Y) | -3.2% | -42.0% |
| Market cap | $0.1B | $5.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBAC | WFG |
|---|---|---|
| 2022 | – | -23.1% |
| 2023 | – | +20.3% |
| 2024 | – | +2.6% |
| 2025 | +3.7% | -28.8% |
| 2026 | +3.7% | +14.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBAC and WFG good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between IBAC and WFG?
As of 2026-08-27, the correlation of weekly returns between IBAC and WFG is -0.19 over 3 years, -0.17 over 1 year and n/a over 5 years.
Is WFG a good diversifier for IBAC?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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.
Use this data
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Related comparisons
Hubs: IBAC correlations · WFG correlations
