CHRS vs WBTN: Correlation
How closely do Coherus Oncology, Inc. (CHRS) and WEBTOON Entertainment Inc. (WBTN) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRS and WBTN?
On 3 years of weekly data the CHRS/WBTN correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 3259.6 %².
WBTN is one of the assets that tracks CHRS most closely: it ranks #3 out of the 13 assets we track against CHRS. Correlation aside, the last 12 months split them widely, with CHRS ahead by 62.5 points (+28.1% versus -34.4%).
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.
CHRS vs WBTN: side by side
| CHRS (Coherus Oncology, Inc.) | WBTN (WEBTOON Entertainment Inc.) | |
|---|---|---|
| 1-year return | +28.1% | -34.4% |
| 5-year return | -90.8% | n/a |
| Volatility (ann.) | 102.6% | 80.5% |
| Beta vs S&P 500 | 1.59 | 1.69 |
| Max drawdown (3Y) | -87.7% | -70.6% |
| Market cap | $0.2B | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHRS | WBTN |
|---|---|---|
| 2022 | -50.4% | – |
| 2023 | -58.0% | – |
| 2024 | -58.6% | – |
| 2025 | +2.9% | -4.1% |
| 2026 | +2.8% | -23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRS and WBTN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHRS and WBTN?
The CHRS/WBTN correlation stands at 0.44 on a 3-year window (1 year: 0.43, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WBTN a good diversifier for CHRS?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/chrs-vs-wbtn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chrs-vs-wbtn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHRS correlations · WBTN correlations
