BGI vs WBTN: Correlation
How closely do Birks Group Inc. (BGI) and WEBTOON Entertainment Inc. (WBTN) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGI and WBTN?
Over the past 3 years, BGI and WBTN moved with a correlation of 0.37, which is moderate. The past 12 months show a tighter link (0.57) than the 3-year average (0.37). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1941.4 %².
WBTN is one of the assets that tracks BGI most closely: it ranks #3 out of the 10 assets we track against BGI. The last year tells two different stories: WBTN led by 17.0 percentage points, -51.4% for BGI against -34.4% for WBTN.
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.
BGI vs WBTN: side by side
| BGI (Birks Group Inc.) | WBTN (WEBTOON Entertainment Inc.) | |
|---|---|---|
| 1-year return | -51.4% | -34.4% |
| 5-year return | -88.1% | n/a |
| Volatility (ann.) | 64.1% | 80.5% |
| Beta vs S&P 500 | 0.38 | 1.69 |
| Max drawdown (3Y) | -93.1% | -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 | BGI | WBTN |
|---|---|---|
| 2022 | +63.5% | – |
| 2023 | -40.9% | – |
| 2024 | -65.7% | – |
| 2025 | -44.1% | -4.1% |
| 2026 | -61.1% | -23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGI and WBTN good diversifiers for each other?
Reasonably. At 0.37, BGI and WBTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BGI and WBTN?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.57 over the last year and n/a over 5 years.
Is WBTN a good diversifier for BGI?
Reasonably. At 0.37, BGI and WBTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/bgi-vs-wbtn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bgi-vs-wbtn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BGI correlations · WBTN correlations
