IRON vs SPCB: Correlation
How closely do Disc Medicine, Inc. (IRON) and SuperCom, Ltd. (SPCB) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IRON and SPCB?
On 3 years of weekly data the IRON/SPCB correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.12 lands near the 3-year figure. The 5-year figure is -0.08, and annualized covariance runs at -1523.6 %².
By 3-year correlation, SPCB places #9 of the 15 assets tracked against IRON. The last year tells two different stories: IRON led by 25.6 percentage points, +37.7% for IRON against +12.1% for SPCB. Note the risk asymmetry: SPCB runs 2.0 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.
IRON vs SPCB: side by side
| IRON (Disc Medicine, Inc.) | SPCB (SuperCom, Ltd.) | |
|---|---|---|
| 1-year return | +37.7% | +12.1% |
| 5-year return | -32.4% | -95.6% |
| Volatility (ann.) | 59.7% | 119.2% |
| Beta vs S&P 500 | 1.70 | 1.19 |
| Max drawdown (3Y) | -64.8% | -84.7% |
| Market cap | $3.2B | $0.1B |
| P/E (trailing) | – | 14.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IRON | SPCB |
|---|---|---|
| 2022 | -77.2% | -68.2% |
| 2023 | +190.4% | -78.1% |
| 2024 | +9.8% | -38.2% |
| 2025 | +25.3% | +87.8% |
| 2026 | +4.0% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IRON and SPCB good diversifiers for each other?
Yes. With a correlation of -0.21, IRON and SPCB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IRON and SPCB?
As of 2026-08-27, the correlation of weekly returns between IRON and SPCB is -0.21 over 3 years, -0.12 over 1 year and -0.08 over 5 years.
Is SPCB a good diversifier for IRON?
Yes. With a correlation of -0.21, IRON and SPCB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/iron-vs-spcb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/iron-vs-spcb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IRON correlations · SPCB correlations
