IGC vs RENT: Correlation
IGC Pharma, Inc. (IGC) and Rent the Runway, Inc. (RENT) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IGC and RENT?
On 3 years of weekly data the IGC/RENT correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.13 versus -0.26 over 3 years. The 5-year figure is -0.16, and annualized covariance runs at -3659.2 %².
Out of 10 assets tracked against IGC, RENT lands near the bottom at #8. Over the last 12 months IGC came out ahead by 10.0 percentage points (-25.8% against -35.8%). Risk is not evenly split, since RENT carries 3.1 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.
IGC vs RENT: side by side
| IGC (IGC Pharma, Inc.) | RENT (Rent the Runway, Inc.) | |
|---|---|---|
| 1-year return | -25.8% | -35.8% |
| 5-year return | -79.0% | -99.1% |
| Volatility (ann.) | 67.5% | 212.1% |
| Beta vs S&P 500 | 0.66 | 2.17 |
| Max drawdown (3Y) | -65.2% | -91.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 0.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IGC | RENT |
|---|---|---|
| 2022 | -67.3% | -62.6% |
| 2023 | -12.5% | -82.7% |
| 2024 | +21.4% | -19.5% |
| 2025 | -17.6% | -6.9% |
| 2026 | +19.3% | -54.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IGC and RENT good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IGC and RENT?
As of 2026-08-27, the correlation of weekly returns between IGC and RENT is -0.26 over 3 years, 0.13 over 1 year and -0.16 over 5 years.
Is RENT a good diversifier for IGC?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/igc-vs-rent.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/igc-vs-rent/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IGC correlations · RENT correlations
