IESC vs SKYE: Correlation
Measured on weekly returns over the past three years, IES Holdings, Inc. (IESC) and Skye Bioscience, Inc. (SKYE) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IESC and SKYE?
Over the past 3 years, IESC and SKYE moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.65) runs below the 3-year figure (-0.33). Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -8790.7 %².
Among the 18 assets we track against IESC, SKYE ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IESC outperformed by 37.4 percentage points (-6.2% for IESC against -43.6% for SKYE). One caveat on sizing: SKYE is 5.6 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.
IESC vs SKYE: side by side
| IESC (IES Holdings, Inc.) | SKYE (Skye Bioscience, Inc.) | |
|---|---|---|
| 1-year return | -6.2% | -43.6% |
| 5-year return | +580.8% | -94.3% |
| Volatility (ann.) | 68.3% | 384.6% |
| Beta vs S&P 500 | 1.67 | 2.80 |
| Max drawdown (3Y) | -60.5% | -98.4% |
| Market cap | $13.3B | – |
| P/E (trailing) | 29.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IESC | SKYE |
|---|---|---|
| 2022 | -29.8% | -69.2% |
| 2023 | +122.7% | -32.0% |
| 2024 | +153.7% | +4.0% |
| 2025 | +93.6% | -73.5% |
| 2026 | -14.2% | +160.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IESC and SKYE good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IESC and SKYE?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.65 over the last year and -0.29 over 5 years.
Is SKYE a good diversifier for IESC?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 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/iesc-vs-skye.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iesc-vs-skye/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IESC correlations · SKYE correlations
