BDL vs WBX: Correlation
How closely do Flanigan's Enterprises, Inc. (BDL) and Wallbox N.V. Class A (WBX) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDL and WBX?
Across a 3-year window, the weekly returns of BDL and WBX correlate at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.44 versus -0.25 over 3 years. Stretching to 5 years gives -0.20, with an annualized covariance of -9458.6 %².
WBX is close to the least connected end of BDL's tracked universe, ranking #12 of 12. Correlation aside, the last 12 months split them widely, with BDL ahead by 95.8 points (+63.9% versus -31.9%). Note the risk asymmetry: WBX runs 24.7 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.
BDL vs WBX: side by side
| BDL (Flanigan's Enterprises, Inc.) | WBX (Wallbox N.V. Class A) | |
|---|---|---|
| 1-year return | +63.9% | -31.9% |
| 5-year return | +118.2% | -70.7% |
| Volatility (ann.) | 39.5% | 975.4% |
| Beta vs S&P 500 | 0.37 | 4.88 |
| Max drawdown (3Y) | -30.5% | -91.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | 13.4 | – |
| Dividend yield | 1.16% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDL | WBX |
|---|---|---|
| 2022 | -13.7% | -78.1% |
| 2023 | +0.8% | -51.1% |
| 2024 | +0.0% | -71.4% |
| 2025 | +19.2% | +367.1% |
| 2026 | +64.1% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDL and WBX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between BDL and WBX?
As of 2026-08-27, the correlation of weekly returns between BDL and WBX is -0.25 over 3 years, 0.44 over 1 year and -0.20 over 5 years.
Is WBX a good diversifier for BDL?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/bdl-vs-wbx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bdl-vs-wbx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BDL correlations · WBX correlations
