BWFG vs WBD: Correlation
Measured on weekly returns over the past three years, Bankwell Financial Group, Inc. (BWFG) and Warner Bros. Discovery (WBD) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWFG and WBD?
On 3 years of weekly data the BWFG/WBD correlation comes out at 0.42, moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.42 over 3. The 5-year figure is 0.36, and annualized covariance runs at 615.6 %².
By 3-year correlation, WBD places #6 of the 13 assets tracked against BWFG. Correlation aside, the last 12 months split them widely, with WBD ahead by 80.2 points (+57.5% versus +137.7%). Note the risk asymmetry: WBD runs 2.0 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.
BWFG vs WBD: side by side
| BWFG (Bankwell Financial Group, Inc.) | WBD (Warner Bros. Discovery) | |
|---|---|---|
| 1-year return | +57.5% | +137.7% |
| 5-year return | +149.4% | +3.7% |
| Volatility (ann.) | 26.8% | 54.7% |
| Beta vs S&P 500 | 0.73 | 1.19 |
| Max drawdown (3Y) | -24.7% | -48.9% |
| Market cap | $0.5B | $72.4B |
| P/E (trailing) | 12.3 | – |
| Dividend yield | 1.22% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | BWFG | WBD |
|---|---|---|
| 2022 | -8.2% | -59.7% |
| 2023 | +5.8% | +20.0% |
| 2024 | +6.4% | -7.1% |
| 2025 | +50.3% | +172.7% |
| 2026 | +46.3% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWFG and WBD 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 BWFG and WBD?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.34 over the last year and 0.36 over 5 years.
Is WBD a good diversifier for BWFG?
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?
A reading of 0.42 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/bwfg-vs-wbd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bwfg-vs-wbd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BWFG correlations · WBD correlations
