AIRE vs WLDS: Correlation
Measured on weekly returns over the past three years, reAlpha Tech Corp. (AIRE) and Wearable Devices Ltd. (WLDS) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRE and WLDS?
Over the past 3 years, AIRE and WLDS moved with a correlation of 0.65, which is strong. The link has tightened recently: the 1-year correlation (0.89) runs above the 3-year figure (0.65). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 72121.7 %².
In AIRE's tracked universe of 18 assets, WLDS sits right near the top at #2. Neither side won the trailing year by much: -80.4% against -76.5%. Risk is not evenly split, since WLDS carries 2.1 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.
AIRE vs WLDS: side by side
| AIRE (reAlpha Tech Corp.) | WLDS (Wearable Devices Ltd.) | |
|---|---|---|
| 1-year return | -80.4% | -76.5% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 227.0% | 475.5% |
| Beta vs S&P 500 | 2.00 | 3.22 |
| Max drawdown (3Y) | -100.0% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIRE | WLDS |
|---|---|---|
| 2023 | – | -21.1% |
| 2024 | +45.2% | -68.3% |
| 2025 | -85.6% | -86.9% |
| 2026 | -83.8% | -77.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRE and WLDS good diversifiers for each other?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AIRE and WLDS?
The AIRE/WLDS correlation stands at 0.65 on a 3-year window (1 year: 0.89, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WLDS a good diversifier for AIRE?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aire-vs-wlds.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aire-vs-wlds/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIRE correlations · WLDS correlations
