IBN vs KNF: Correlation
Measured on weekly returns over the past three years, ICICI Bank Limited (IBN) and Knife Riv Holding Co. (KNF) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBN and KNF?
On 3 years of weekly data the IBN/KNF correlation comes out at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 380.2 %².
Among the 12 assets we track against IBN, KNF ranks #4 by 3-year correlation. Over the last 12 months IBN came out ahead by 13.8 percentage points (-5.8% against -19.6%). Risk is not evenly split, since KNF carries 2.0 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.
IBN vs KNF: side by side
| IBN (ICICI Bank Limited) | KNF (Knife Riv Holding Co.) | |
|---|---|---|
| 1-year return | -5.8% | -19.6% |
| 5-year return | +60.9% | n/a |
| Volatility (ann.) | 20.2% | 40.3% |
| Beta vs S&P 500 | 0.46 | 1.06 |
| Max drawdown (3Y) | -26.2% | -44.2% |
| Market cap | $107.1B | $3.8B |
| P/E (trailing) | 18.7 | 27.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBN | KNF |
|---|---|---|
| 2022 | +11.3% | – |
| 2023 | +9.8% | – |
| 2024 | +26.3% | +53.6% |
| 2025 | +0.6% | -30.8% |
| 2026 | +1.0% | -5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBN and KNF good diversifiers for each other?
Reasonably. At 0.47, IBN and KNF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IBN and KNF?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.45 over the last year and n/a over 5 years.
Is KNF a good diversifier for IBN?
Reasonably. At 0.47, IBN and KNF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ibn-vs-knf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ibn-vs-knf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IBN correlations · KNF correlations
