BANL vs WLFC: Correlation
CBL International Limited - Class B (BANL) and Willis Lease Finance Corporation (WLFC) show a negative relationship: their 3-year correlation of weekly returns is -0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANL and WLFC?
Over the past 3 years, BANL and WLFC moved with a correlation of -0.60, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.78 versus -0.60 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -28421.7 %².
WLFC is close to the least connected end of BANL's tracked universe, ranking #10 of 10. Their recent paths diverged sharply: over the last 12 months BANL outperformed by 2053.8 percentage points (+1990.5% for BANL against -63.3% for WLFC). Risk is not evenly split, since BANL carries 12.5 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.
BANL vs WLFC: side by side
| BANL (CBL International Limited - Class B) | WLFC (Willis Lease Finance Corporation) | |
|---|---|---|
| 1-year return | +1990.5% | -63.3% |
| 5-year return | n/a | +47.2% |
| Volatility (ann.) | 767.2% | 61.3% |
| Beta vs S&P 500 | -1.45 | 1.30 |
| Max drawdown (3Y) | -85.8% | -77.4% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 13.8 |
| Dividend yield | 0.00% | 0.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANL | WLFC |
|---|---|---|
| 2022 | – | +56.7% |
| 2023 | – | -17.2% |
| 2024 | -31.3% | +327.3% |
| 2025 | -55.9% | -34.5% |
| 2026 | +2911.2% | -59.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANL and WLFC good diversifiers for each other?
Yes: at -0.60, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BANL and WLFC?
As of 2026-08-27, the correlation of weekly returns between BANL and WLFC is -0.60 over 3 years, -0.78 over 1 year and n/a over 5 years.
Is WLFC a good diversifier for BANL?
Yes: at -0.60, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.60 mean?
A reading of -0.60 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/banl-vs-wlfc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/banl-vs-wlfc/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: BANL correlations · WLFC correlations
