BHM vs WBD: Correlation
Measured on weekly returns over the past three years, Bluerock Homes Trust, Inc. (BHM) and Warner Bros. Discovery (WBD) carry a correlation of -0.13, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHM and WBD?
Over the past 3 years, BHM and WBD moved with a correlation of -0.13, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.07 lands near the 3-year figure. Over 5 years the correlation is 0.03, and the annualized covariance of weekly returns is -287.2 %².
By 3-year correlation, WBD places #9 of the 18 assets tracked against BHM. Correlation aside, the last 12 months split them widely, with WBD ahead by 172.2 points (-34.5% versus +137.7%).
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.
BHM vs WBD: side by side
| BHM (Bluerock Homes Trust, Inc.) | WBD (Warner Bros. Discovery) | |
|---|---|---|
| 1-year return | -34.5% | +137.7% |
| 5-year return | n/a | +3.7% |
| Volatility (ann.) | 41.3% | 54.7% |
| Beta vs S&P 500 | 0.13 | 1.19 |
| Max drawdown (3Y) | -54.9% | -48.9% |
| Market cap | $0.1B | $72.4B |
| P/E (trailing) | – | – |
| Dividend yield | 5.85% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | BHM | WBD |
|---|---|---|
| 2022 | – | -59.7% |
| 2023 | -29.7% | +20.0% |
| 2024 | -5.1% | -7.1% |
| 2025 | -15.9% | +172.7% |
| 2026 | -19.4% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHM and WBD good diversifiers for each other?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between BHM and WBD?
Using weekly returns as of 2026-08-27: -0.13 over 3 years, with -0.07 over the last year and 0.03 over 5 years.
Is WBD a good diversifier for BHM?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
What does a correlation of -0.13 mean?
On the −1 to +1 scale, -0.13 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/bhm-vs-wbd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bhm-vs-wbd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BHM correlations · WBD correlations
