IBTA vs MYO: Correlation
Ibotta, Inc. (IBTA) and Myomo Inc. (MYO) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBTA and MYO?
Over the past 3 years, IBTA and MYO moved with a correlation of 0.40, which is moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.40 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2771.1 %².
Within IBTA's tracked universe of 19 assets, MYO comes in at #10 by 3-year correlation. The trailing year gives MYO the advantage: +42.3% versus +48.2%, a 5.9-point spread.
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 MYO: side by side
| IBTA (Ibotta, Inc.) | MYO (Myomo Inc.) | |
|---|---|---|
| 1-year return | +42.3% | +48.2% |
| 5-year return | n/a | -84.2% |
| Volatility (ann.) | 79.0% | 99.7% |
| Beta vs S&P 500 | 1.45 | 1.92 |
| Max drawdown (3Y) | -82.5% | -90.8% |
| 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 | MYO |
|---|---|---|
| 2022 | – | -92.5% |
| 2023 | – | +880.4% |
| 2024 | – | +28.5% |
| 2025 | -65.1% | -85.9% |
| 2026 | +60.2% | +82.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBTA and MYO good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IBTA and MYO?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.43 over the last year and n/a over 5 years.
Is MYO a good diversifier for IBTA?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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/ibta-vs-myo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ibta-vs-myo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IBTA correlations · MYO correlations
