IBTA vs ORGO: Correlation
How closely do Ibotta, Inc. (IBTA) and Organogenesis Holdings Inc. - Class A (ORGO) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBTA and ORGO?
On 3 years of weekly data the IBTA/ORGO correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.30 over 3. The 5-year figure is n/a, and annualized covariance runs at -2240.7 %².
ORGO is close to the least connected end of IBTA's tracked universe, ranking #18 of 19. Their recent paths diverged sharply: over the last 12 months IBTA outperformed by 106.3 percentage points (+42.3% for IBTA against -64.0% for ORGO).
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 ORGO: side by side
| IBTA (Ibotta, Inc.) | ORGO (Organogenesis Holdings Inc. - Class A) | |
|---|---|---|
| 1-year return | +42.3% | -64.0% |
| 5-year return | n/a | -89.3% |
| Volatility (ann.) | 79.0% | 90.0% |
| Beta vs S&P 500 | 1.45 | 1.25 |
| Max drawdown (3Y) | -82.5% | -74.5% |
| Market cap | $0.8B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBTA | ORGO |
|---|---|---|
| 2022 | – | -70.9% |
| 2023 | – | +52.0% |
| 2024 | – | -21.8% |
| 2025 | -65.1% | +61.9% |
| 2026 | +60.2% | -66.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBTA and ORGO good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between IBTA and ORGO?
As of 2026-08-27, the correlation of weekly returns between IBTA and ORGO is -0.30 over 3 years, -0.34 over 1 year and n/a over 5 years.
Is ORGO a good diversifier for IBTA?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
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.
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Related comparisons
Hubs: IBTA correlations · ORGO correlations
