IBTA vs TCPC: Correlation
Measured on weekly returns over the past three years, Ibotta, Inc. (IBTA) and BlackRock TCP Capital Corp. - Closed End Fund (TCPC) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBTA and TCPC?
Across a 3-year window, the weekly returns of IBTA and TCPC correlate at 0.45, moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.45). Stretching to 5 years gives n/a, with an annualized covariance of 1272.6 %².
By 3-year correlation, TCPC places #4 of the 19 assets tracked against IBTA. Their recent paths diverged sharply: over the last 12 months IBTA outperformed by 73.0 percentage points (+42.3% for IBTA against -30.7% for TCPC). Risk is not evenly split, since IBTA carries 2.4 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 TCPC: side by side
| IBTA (Ibotta, Inc.) | TCPC (BlackRock TCP Capital Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | +42.3% | -30.7% |
| 5-year return | n/a | -42.1% |
| Volatility (ann.) | 79.0% | 33.1% |
| Beta vs S&P 500 | 1.45 | 0.94 |
| Max drawdown (3Y) | -82.5% | -60.8% |
| Market cap | $0.8B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 20.34% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBTA | TCPC |
|---|---|---|
| 2022 | – | +5.6% |
| 2023 | – | +3.2% |
| 2024 | – | -12.3% |
| 2025 | -65.1% | -26.2% |
| 2026 | +60.2% | -16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBTA and TCPC good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IBTA and TCPC?
As of 2026-08-27, the correlation of weekly returns between IBTA and TCPC is 0.45 over 3 years, 0.57 over 1 year and n/a over 5 years.
Is TCPC a good diversifier for IBTA?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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-tcpc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ibta-vs-tcpc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IBTA correlations · TCPC correlations
