CIRC vs WBTN: Correlation
Measured on weekly returns over the past three years, Circle8 Group, Inc. (CIRC) and WEBTOON Entertainment Inc. (WBTN) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIRC and WBTN?
Across a 3-year window, the weekly returns of CIRC and WBTN correlate at 0.44, moderate. The link has loosened recently: the 1-year correlation (0.07) runs below the 3-year figure (0.44). Stretching to 5 years gives n/a, with an annualized covariance of 6215.5 %².
WBTN is one of the assets that tracks CIRC most closely: it ranks #1 out of the 14 assets we track against CIRC. Correlation aside, the last 12 months split them widely, with WBTN ahead by 49.1 points (-83.5% versus -34.4%). Risk is not evenly split, since CIRC carries 2.6 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.
CIRC vs WBTN: side by side
| CIRC (Circle8 Group, Inc.) | WBTN (WEBTOON Entertainment Inc.) | |
|---|---|---|
| 1-year return | -83.5% | -34.4% |
| 5-year return | -99.7% | n/a |
| Volatility (ann.) | 207.6% | 80.5% |
| Beta vs S&P 500 | -0.24 | 1.69 |
| Max drawdown (3Y) | -98.0% | -70.6% |
| Market cap | $0.1B | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIRC | WBTN |
|---|---|---|
| 2022 | -84.4% | – |
| 2023 | -64.5% | – |
| 2024 | +18.2% | – |
| 2025 | -72.7% | -4.1% |
| 2026 | -46.8% | -23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIRC 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 CIRC and WBTN?
As of 2026-08-27, the correlation of weekly returns between CIRC and WBTN is 0.44 over 3 years, 0.07 over 1 year and n/a over 5 years.
Is WBTN a good diversifier for CIRC?
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?
A reading of 0.44 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/circ-vs-wbtn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/circ-vs-wbtn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CIRC correlations · WBTN correlations
