CDLX vs WBTN: Correlation
Cardlytics, Inc. (CDLX) and WEBTOON Entertainment Inc. (WBTN) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDLX and WBTN?
Across a 3-year window, the weekly returns of CDLX and WBTN correlate at 0.46, moderate. The past 12 months show a tighter link (0.61) than the 3-year average (0.46). Stretching to 5 years gives n/a, with an annualized covariance of 4777.1 %².
WBTN is one of the assets that tracks CDLX most closely: it ranks #2 out of the 15 assets we track against CDLX. Correlation aside, the last 12 months split them widely, with WBTN ahead by 26.7 points (-61.1% versus -34.4%). Risk is not evenly split, since CDLX carries 1.7 times the volatility of the other side.
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.
CDLX vs WBTN: side by side
| CDLX (Cardlytics, Inc.) | WBTN (WEBTOON Entertainment Inc.) | |
|---|---|---|
| 1-year return | -61.1% | -34.4% |
| 5-year return | -99.6% | n/a |
| Volatility (ann.) | 134.2% | 80.5% |
| Beta vs S&P 500 | 2.27 | 1.69 |
| Max drawdown (3Y) | -98.3% | -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 | CDLX | WBTN |
|---|---|---|
| 2022 | -91.3% | – |
| 2023 | +59.3% | – |
| 2024 | -59.7% | – |
| 2025 | -69.0% | -4.1% |
| 2026 | -65.1% | -23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDLX and WBTN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CDLX and WBTN?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.61 over the last year and n/a over 5 years.
Is WBTN a good diversifier for CDLX?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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/cdlx-vs-wbtn.json
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[](https://www.pairbook.io/pair/cdlx-vs-wbtn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CDLX correlations · WBTN correlations
