IBEX vs IHT: Correlation
IBEX Limited - Common Share (IBEX) and InnSuites Hospitality Trust Shares of Beneficial Interest (IHT) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBEX and IHT?
On 3 years of weekly data the IBEX/IHT correlation comes out at 0.24, weak. Recent behaviour matches the longer record: 0.30 over 1 year against 0.24 over 3. The 5-year figure is 0.19, and annualized covariance runs at 599.8 %².
IHT is close to the least connected end of IBEX's tracked universe, ranking #9 of 12. Correlation aside, the last 12 months split them widely, with IBEX ahead by 60.5 points (+26.7% versus -33.8%).
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.
IBEX vs IHT: side by side
| IBEX (IBEX Limited - Common Share) | IHT (InnSuites Hospitality Trust Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +26.7% | -33.8% |
| 5-year return | +104.6% | -63.6% |
| Volatility (ann.) | 45.5% | 55.0% |
| Beta vs S&P 500 | 1.03 | 0.07 |
| Max drawdown (3Y) | -37.1% | -69.6% |
| Market cap | $0.5B | – |
| P/E (trailing) | 11.5 | – |
| Dividend yield | 0.00% | 1.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBEX | IHT |
|---|---|---|
| 2022 | +92.8% | -22.9% |
| 2023 | -23.5% | +2.3% |
| 2024 | +13.0% | +29.5% |
| 2025 | +77.7% | -37.4% |
| 2026 | -2.4% | -3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBEX and IHT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IBEX and IHT?
The IBEX/IHT correlation stands at 0.24 on a 3-year window (1 year: 0.30, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is IHT a good diversifier for IBEX?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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
$ curl https://www.pairbook.io/api/v1/pairs/ibex-vs-iht.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ibex-vs-iht/)
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Related comparisons
Hubs: IBEX correlations · IHT correlations
