IBB vs ORIC: Correlation
Measured on weekly returns over the past three years, iShares Biotechnology ETF (IBB) and Oric Pharmaceuticals, Inc. (ORIC) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBB and ORIC?
Across a 3-year window, the weekly returns of IBB and ORIC correlate at 0.40, moderate. The past 12 months show a weaker link (0.21) than the 3-year average (0.40). Stretching to 5 years gives 0.36, with an annualized covariance of 684.2 %².
Among the 168 assets we track against IBB, ORIC ranks #143 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IBB ahead by 21.5 points (+55.4% versus +33.9%). Risk is not evenly split, since ORIC carries 4.0 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.
IBB vs ORIC: side by side
| IBB (iShares Biotechnology ETF) | ORIC (Oric Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +55.4% | +33.9% |
| 5-year return | +26.6% | -38.1% |
| Volatility (ann.) | 20.7% | 82.6% |
| Beta vs S&P 500 | 0.81 | 1.30 |
| Max drawdown (3Y) | -24.9% | -73.5% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.22% | 0.00% |
| Expense ratio | 0.44% | – |
| Assets under management | $9.2B | – |
| Sector / category | ETF · Thematic | US Listed |
IBB is a Health fund from iShares: $9.2B under management, 235 holdings, a 0.44% expense ratio, a 0.22% trailing dividend yield.
Year-by-year returns
| Year | IBB | ORIC |
|---|---|---|
| 2022 | -13.7% | -59.9% |
| 2023 | +3.8% | +56.2% |
| 2024 | -2.4% | -12.3% |
| 2025 | +28.0% | +1.4% |
| 2026 | +27.4% | +68.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that IBB holds ORIC at a 0.06% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are IBB and ORIC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IBB and ORIC?
The IBB/ORIC correlation stands at 0.40 on a 3-year window (1 year: 0.21, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is ORIC a good diversifier for IBB?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ibb-vs-oric.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ibb-vs-oric/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IBB correlations · ORIC correlations
