IBTA vs PUBM: Correlation
Ibotta, Inc. (IBTA) and PubMatic, Inc. (PUBM) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBTA and PUBM?
Across a 3-year window, the weekly returns of IBTA and PUBM correlate at 0.64, strong. Recent behaviour matches the longer record: 0.64 over 1 year against 0.64 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 3171.9 %².
Few assets follow IBTA as closely as PUBM, which ranks #1 of 19 tracked partners. Correlation aside, the last 12 months split them widely, with PUBM ahead by 49.4 points (+42.3% versus +91.7%).
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 PUBM: side by side
| IBTA (Ibotta, Inc.) | PUBM (PubMatic, Inc.) | |
|---|---|---|
| 1-year return | +42.3% | +91.7% |
| 5-year return | n/a | -40.5% |
| Volatility (ann.) | 79.0% | 61.6% |
| Beta vs S&P 500 | 1.45 | 1.56 |
| Max drawdown (3Y) | -82.5% | -73.9% |
| Market cap | $0.8B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBTA | PUBM |
|---|---|---|
| 2022 | – | -62.4% |
| 2023 | – | +27.3% |
| 2024 | – | -9.9% |
| 2025 | -65.1% | -39.6% |
| 2026 | +60.2% | +84.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBTA and PUBM good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IBTA and PUBM?
The IBTA/PUBM correlation stands at 0.64 on a 3-year window (1 year: 0.64, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PUBM a good diversifier for IBTA?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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
$ curl https://www.pairbook.io/api/v1/pairs/ibta-vs-pubm.json
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[](https://www.pairbook.io/pair/ibta-vs-pubm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IBTA correlations · PUBM correlations
