IBTA vs QNST: Correlation
Measured on weekly returns over the past three years, Ibotta, Inc. (IBTA) and QuinStreet, Inc. (QNST) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBTA and QNST?
On 3 years of weekly data the IBTA/QNST correlation comes out at 0.44, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.44). The 5-year figure is n/a, and annualized covariance runs at 1709.7 %².
Within IBTA's tracked universe of 19 assets, QNST comes in at #7 by 3-year correlation. The last year tells two different stories: IBTA led by 20.9 percentage points, +42.3% for IBTA against +21.4% for QNST. One caveat on sizing: IBTA is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 QNST: side by side
| IBTA (Ibotta, Inc.) | QNST (QuinStreet, Inc.) | |
|---|---|---|
| 1-year return | +42.3% | +21.4% |
| 5-year return | n/a | +6.2% |
| Volatility (ann.) | 79.0% | 47.9% |
| Beta vs S&P 500 | 1.45 | 1.22 |
| Max drawdown (3Y) | -82.5% | -58.0% |
| Market cap | $0.8B | $1.1B |
| P/E (trailing) | – | 14.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBTA | QNST |
|---|---|---|
| 2022 | – | -21.1% |
| 2023 | – | -10.7% |
| 2024 | – | +80.0% |
| 2025 | -65.1% | -37.7% |
| 2026 | +60.2% | +31.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBTA and QNST good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IBTA and QNST?
As of 2026-08-27, the correlation of weekly returns between IBTA and QNST is 0.44 over 3 years, 0.63 over 1 year and n/a over 5 years.
Is QNST a good diversifier for IBTA?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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-qnst.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ibta-vs-qnst/)
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Related comparisons
Hubs: IBTA correlations · QNST correlations
