ATCH vs WBTN: Correlation
AtlasClear Holdings, Inc. (ATCH) and WEBTOON Entertainment Inc. (WBTN) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATCH and WBTN?
Over the past 3 years, ATCH and WBTN moved with a correlation of 0.42, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.58 versus 0.42 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 5433.5 %².
WBTN is one of the assets that tracks ATCH most closely: it ranks #3 out of the 10 assets we track against ATCH. The last year tells two different stories: ATCH led by 33.4 percentage points, -1.0% for ATCH against -34.4% for WBTN. Risk is not evenly split, since ATCH carries 1.9 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.
ATCH vs WBTN: side by side
| ATCH (AtlasClear Holdings, Inc.) | WBTN (WEBTOON Entertainment Inc.) | |
|---|---|---|
| 1-year return | -1.0% | -34.4% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 149.4% | 80.5% |
| Beta vs S&P 500 | 2.52 | 1.69 |
| Max drawdown (3Y) | -100.0% | -70.6% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATCH | WBTN |
|---|---|---|
| 2022 | +1.6% | – |
| 2023 | -38.3% | – |
| 2024 | -97.4% | – |
| 2025 | -97.4% | -4.1% |
| 2026 | -23.9% | -23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATCH and WBTN good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ATCH and WBTN?
The ATCH/WBTN correlation stands at 0.42 on a 3-year window (1 year: 0.58, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WBTN a good diversifier for ATCH?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/atch-vs-wbtn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atch-vs-wbtn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATCH correlations · WBTN correlations
