CODI vs WBUY: Correlation
How closely do D/B/A Compass Diversified Holdings Shares of Beneficial (CODI) and WEBUY GLOBAL LTD. - Class A (WBUY) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CODI and WBUY?
Across a 3-year window, the weekly returns of CODI and WBUY correlate at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.12 versus -0.30 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -3777.2 %².
WBUY is close to the least connected end of CODI's tracked universe, ranking #13 of 17. Correlation aside, the last 12 months split them widely, with CODI ahead by 122.0 points (+49.4% versus -72.6%). One caveat on sizing: WBUY is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CODI vs WBUY: side by side
| CODI (D/B/A Compass Diversified Holdings Shares of Beneficial) | WBUY (WEBUY GLOBAL LTD. - Class A) | |
|---|---|---|
| 1-year return | +49.4% | -72.6% |
| 5-year return | -53.0% | n/a |
| Volatility (ann.) | 63.2% | 193.8% |
| Beta vs S&P 500 | 1.45 | 1.81 |
| Max drawdown (3Y) | -80.3% | -99.9% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CODI | WBUY |
|---|---|---|
| 2022 | -37.7% | – |
| 2023 | +29.4% | – |
| 2024 | +7.5% | -66.1% |
| 2025 | -78.6% | -93.7% |
| 2026 | +134.4% | -33.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CODI and WBUY good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between CODI and WBUY?
The CODI/WBUY correlation stands at -0.30 on a 3-year window (1 year: 0.12, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WBUY a good diversifier for CODI?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 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
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[](https://www.pairbook.io/pair/codi-vs-wbuy/)
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Related comparisons
Hubs: CODI correlations · WBUY correlations
