ELWS vs IBAC
Comparison between Earlyworks Co Ltd (ELWS, Company) and IB Acquisition Corp (IBAC, Company).
ELWS is from the Technology sector, while IBAC is from the Financial Services sector.
ELWS vs IBAC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap
Winner
ELWS
$46M
IBAC
$46M
Max Drawdown
ELWS
91.33%
Winner
IBAC
3.18%
Sharpe Ratio
Winner
ELWS
0.68
IBAC
-0.03
5Y Beta
ELWS
N/A
IBAC
0.01
Industry
ELWS
Software - Application
IBAC
Shell Companies
P/E Ratio
Winner
ELWS
-25.59
IBAC
46.58
Debt to Equity
ELWS
66.28%
Winner
IBAC
0.00%
Free Cash Flow Yield
Winner
ELWS
-2.93%
IBAC
-4.79%
P/B Ratio
ELWS
N/A
IBAC
8.16
ELWS vs IBAC - Historical Returns
Returns include dividend reinvestment.
1M
ELWS
-15.00%
Winner
IBAC
+0.93%
3M
ELWS
-56.16%
Winner
IBAC
+0.93%
6M
ELWS
-31.39%
Winner
IBAC
+1.87%
1Y
Winner
ELWS
+7.75%
IBAC
+3.52%
Max(CAGR)
ELWS
-43.72%
Winner
IBAC
+3.84%
ELWS vs IBAC - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | ELWS | IBAC |
|---|---|---|
| 2026 | -53.07% | +3.71% |
| 2025 | +134.60% | +3.65% |
| 2024 | -26.11% | +1.45% |
| 2023 | -82.53% | N/A |
ELWS vs IBAC Drawdown Comparison
The maximum drawdown for ELWS was -91.33%, occurring on Aug 12, 2024. This drawdown has not yet recovered.
The maximum drawdown for IBAC was -3.18%, occurring on Apr 8, 2026. This drawdown has not yet recovered.
The current ELWS drawdown is -83.00%. The current IBAC drawdown is -1.00%.
| Rank | ELWS | IBAC |
|---|---|---|
| #1 | -91.33% Jul 25, 2023 - Aug 12, 2024 | -3.18% Mar 24, 2026 - Apr 8, 2026 |
| #2 | N/A | -1.70% Sep 22, 2025 - Feb 13, 2026 |
| #3 | N/A | -1.15% Apr 14, 2025 - May 27, 2025 |
| #4 | N/A | -0.89% Nov 14, 2024 - Jan 6, 2025 |
| #5 | N/A | -0.70% Jul 23, 2024 - Oct 29, 2024 |
| #6 | N/A | -0.68% Mar 11, 2025 - Apr 14, 2025 |
| #7 | N/A | -0.57% May 27, 2025 - Aug 5, 2025 |
| #8 | N/A | -0.50% May 1, 2024 - May 10, 2024 |
| #9 | N/A | -0.50% May 13, 2024 - Jul 23, 2024 |
| #10 | N/A | -0.37% Mar 2, 2026 - Mar 19, 2026 |
| #11 | N/A | -0.36% Aug 12, 2025 - Aug 25, 2025 |
| #12 | N/A | -0.32% Mar 20, 2026 - Mar 24, 2026 |
| #13 | N/A | -0.29% Jan 31, 2025 - Feb 27, 2025 |
| #14 | N/A | -0.28% Feb 26, 2026 - Mar 2, 2026 |
| #15 | N/A | -0.24% Sep 15, 2025 - Sep 22, 2025 |
Correlation
Correlation between ELWS and IBAC is 0.60 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.60
-101
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