IBTA vs MED: Correlation
How closely do Ibotta, Inc. (IBTA) and MEDIFAST INC (MED) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBTA and MED?
Over the past 3 years, IBTA and MED moved with a correlation of 0.44, which is moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1685.1 %².
By 3-year correlation, MED places #6 of the 19 assets tracked against IBTA. The last year tells two different stories: IBTA led by 57.0 percentage points, +42.3% for IBTA against -14.7% for MED. Risk is not evenly split, since IBTA 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.
IBTA vs MED: side by side
| IBTA (Ibotta, Inc.) | MED (MEDIFAST INC) | |
|---|---|---|
| 1-year return | +42.3% | -14.7% |
| 5-year return | n/a | -94.1% |
| Volatility (ann.) | 79.0% | 47.7% |
| Beta vs S&P 500 | 1.45 | 0.68 |
| Max drawdown (3Y) | -82.5% | -88.8% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBTA | MED |
|---|---|---|
| 2022 | – | -42.3% |
| 2023 | – | -38.3% |
| 2024 | – | -73.8% |
| 2025 | -65.1% | -39.4% |
| 2026 | +60.2% | +13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBTA and MED good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IBTA and MED?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.53 over the last year and n/a over 5 years.
Is MED a good diversifier for IBTA?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: IBTA correlations · MED correlations
