IBEX vs ORBS: Correlation
Measured on weekly returns over the past three years, IBEX Limited - Common Share (IBEX) and Eightco Holdings Inc. (ORBS) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBEX and ORBS?
Over the past 3 years, IBEX and ORBS moved with a correlation of 0.54, which is moderate. The link has tightened recently: the 1-year correlation (0.77) runs above the 3-year figure (0.54). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 14246.8 %².
In IBEX's tracked universe of 12 assets, ORBS sits right near the top at #1. The last year tells two different stories: IBEX led by 71.6 percentage points, +26.7% for IBEX against -44.9% for ORBS. Note the risk asymmetry: ORBS runs 12.7 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.
IBEX vs ORBS: side by side
| IBEX (IBEX Limited - Common Share) | ORBS (Eightco Holdings Inc.) | |
|---|---|---|
| 1-year return | +26.7% | -44.9% |
| 5-year return | +104.6% | -100.0% |
| Volatility (ann.) | 45.5% | 575.8% |
| Beta vs S&P 500 | 1.03 | 3.91 |
| Max drawdown (3Y) | -37.1% | -98.7% |
| Market cap | $0.5B | $0.3B |
| P/E (trailing) | 11.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBEX | ORBS |
|---|---|---|
| 2022 | +92.8% | – |
| 2023 | -23.5% | -94.6% |
| 2024 | +13.0% | -14.8% |
| 2025 | +77.7% | -21.0% |
| 2026 | -2.4% | -52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBEX and ORBS good diversifiers for each other?
Only partially. A correlation of 0.54 means IBEX and ORBS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between IBEX and ORBS?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.77 over the last year and 0.48 over 5 years.
Is ORBS a good diversifier for IBEX?
Only partially. A correlation of 0.54 means IBEX and ORBS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 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/ibex-vs-orbs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ibex-vs-orbs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IBEX correlations · ORBS correlations
