INAB vs OBIO: Correlation
IN8bio, Inc. (INAB) and Orchestra BioMed Holdings, Inc. (OBIO) 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 INAB and OBIO?
Over the past 3 years, INAB and OBIO moved with a correlation of 0.40, which is moderate. The link has loosened recently: the 1-year correlation (0.23) runs below the 3-year figure (0.40). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 3627.1 %².
Within INAB's tracked universe of 12 assets, OBIO comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with OBIO ahead by 134.3 points (-54.4% versus +79.9%).
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.
INAB vs OBIO: side by side
| INAB (IN8bio, Inc.) | OBIO (Orchestra BioMed Holdings, Inc.) | |
|---|---|---|
| 1-year return | -54.4% | +79.9% |
| 5-year return | -99.5% | -47.8% |
| Volatility (ann.) | 113.3% | 79.5% |
| Beta vs S&P 500 | 1.67 | 1.75 |
| Max drawdown (3Y) | -98.6% | -78.2% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INAB | OBIO |
|---|---|---|
| 2022 | -47.4% | -1.0% |
| 2023 | -40.3% | -8.5% |
| 2024 | -81.4% | -56.2% |
| 2025 | -69.6% | +3.8% |
| 2026 | -55.6% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INAB and OBIO good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INAB and OBIO?
The INAB/OBIO correlation stands at 0.40 on a 3-year window (1 year: 0.23, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is OBIO a good diversifier for INAB?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/inab-vs-obio.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inab-vs-obio/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INAB correlations · OBIO correlations
