IFS vs OI: Correlation
Intercorp Financial Services Inc. (IFS) and O-I Glass, Inc. (OI) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IFS and OI?
On 3 years of weekly data the IFS/OI correlation comes out at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 494.4 %².
By 3-year correlation, OI places #5 of the 11 assets tracked against IFS. Their recent paths diverged sharply: over the last 12 months IFS outperformed by 88.0 percentage points (+43.2% for IFS against -44.8% for OI).
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.
IFS vs OI: side by side
| IFS (Intercorp Financial Services Inc.) | OI (O-I Glass, Inc.) | |
|---|---|---|
| 1-year return | +43.2% | -44.8% |
| 5-year return | +212.7% | -53.2% |
| Volatility (ann.) | 30.7% | 40.3% |
| Beta vs S&P 500 | 0.52 | 0.91 |
| Max drawdown (3Y) | -26.8% | -68.6% |
| Market cap | $6.0B | $1.1B |
| P/E (trailing) | 10.0 | – |
| Dividend yield | 11.04% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IFS | OI |
|---|---|---|
| 2022 | -5.4% | +37.7% |
| 2023 | -1.5% | -1.1% |
| 2024 | +39.9% | -33.8% |
| 2025 | +49.0% | +36.2% |
| 2026 | +33.6% | -51.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IFS and OI good diversifiers for each other?
Reasonably. At 0.40, IFS and OI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IFS and OI?
The IFS/OI correlation stands at 0.40 on a 3-year window (1 year: 0.50, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is OI a good diversifier for IFS?
Reasonably. At 0.40, IFS and OI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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/ifs-vs-oi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ifs-vs-oi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IFS correlations · OI correlations
