IBN vs SENEB: Correlation
Measured on weekly returns over the past three years, ICICI Bank Limited (IBN) and Seneca Foods Corp. (SENEB) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBN and SENEB?
Over the past 3 years, IBN and SENEB moved with a correlation of 0.30, which is moderate. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. Over 5 years the correlation is 0.10, and the annualized covariance of weekly returns is 207.7 %².
Among the 12 assets we track against IBN, SENEB ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SENEB ahead by 78.7 points (-5.8% versus +72.9%). Risk is not evenly split, since SENEB carries 1.7 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 SENEB: side by side
| IBN (ICICI Bank Limited) | SENEB (Seneca Foods Corp.) | |
|---|---|---|
| 1-year return | -5.8% | +72.9% |
| 5-year return | +60.9% | +292.8% |
| Volatility (ann.) | 20.2% | 33.7% |
| Beta vs S&P 500 | 0.46 | 0.14 |
| Max drawdown (3Y) | -26.2% | -22.4% |
| Market cap | $107.1B | $1.3B |
| P/E (trailing) | 18.7 | 11.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBN | SENEB |
|---|---|---|
| 2022 | +11.3% | +28.5% |
| 2023 | +9.8% | -14.7% |
| 2024 | +26.3% | +53.7% |
| 2025 | +0.6% | +38.0% |
| 2026 | +1.0% | +76.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBN and SENEB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IBN and SENEB?
As of 2026-08-27, the correlation of weekly returns between IBN and SENEB is 0.30 over 3 years, 0.33 over 1 year and 0.10 over 5 years.
Is SENEB a good diversifier for IBN?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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: IBN correlations · SENEB correlations
