IFBD vs MF: Correlation
Infobird Co., Ltd (IFBD) and MindForge Inc. - Class A (MF) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IFBD and MF?
Over the past 3 years, IFBD and MF moved with a correlation of 0.56, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.07 versus 0.56 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 42552.5 %².
In IFBD's tracked universe of 14 assets, MF sits right near the top at #1. Correlation aside, the last 12 months split them widely, with IFBD ahead by 59.1 points (-12.5% versus -71.6%). Note the risk asymmetry: MF runs 5.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
IFBD vs MF: side by side
| IFBD (Infobird Co., Ltd) | MF (MindForge Inc. - Class A) | |
|---|---|---|
| 1-year return | -12.5% | -71.6% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 145.7% | 830.3% |
| Beta vs S&P 500 | 0.85 | 3.38 |
| Max drawdown (3Y) | -98.4% | -99.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IFBD | MF |
|---|---|---|
| 2022 | -88.9% | – |
| 2023 | -97.8% | – |
| 2024 | -78.4% | – |
| 2025 | -57.9% | -40.7% |
| 2026 | -4.3% | -62.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IFBD and MF good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between IFBD and MF?
As of 2026-08-27, the correlation of weekly returns between IFBD and MF is 0.56 over 3 years, 0.07 over 1 year and n/a over 5 years.
Is MF a good diversifier for IFBD?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 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/ifbd-vs-mf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ifbd-vs-mf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IFBD correlations · MF correlations
