CABO vs WNC: Correlation
Measured on weekly returns over the past three years, Cable One, Inc. (CABO) and Wabash National Corporation (WNC) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CABO and WNC?
Over the past 3 years, CABO and WNC moved with a correlation of 0.43, which is moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 1413.1 %².
Few assets follow CABO as closely as WNC, which ranks #3 of 10 tracked partners. The last year tells two different stories: WNC led by 105.2 percentage points, -86.2% for CABO against +19.0% for WNC.
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.
CABO vs WNC: side by side
| CABO (Cable One, Inc.) | WNC (Wabash National Corporation) | |
|---|---|---|
| 1-year return | -86.2% | +19.0% |
| 5-year return | -98.8% | -6.2% |
| Volatility (ann.) | 66.3% | 49.9% |
| Beta vs S&P 500 | 0.39 | 0.70 |
| Max drawdown (3Y) | -96.5% | -76.4% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CABO | WNC |
|---|---|---|
| 2022 | -59.2% | +18.2% |
| 2023 | -20.4% | +14.9% |
| 2024 | -33.0% | -32.2% |
| 2025 | -68.5% | -48.1% |
| 2026 | -80.1% | +56.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CABO and WNC good diversifiers for each other?
Reasonably. At 0.43, CABO and WNC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CABO and WNC?
The CABO/WNC correlation stands at 0.43 on a 3-year window (1 year: 0.47, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is WNC a good diversifier for CABO?
Reasonably. At 0.43, CABO and WNC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/cabo-vs-wnc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cabo-vs-wnc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CABO correlations · WNC correlations
