CSPI vs WBTN: Correlation
Measured on weekly returns over the past three years, CSP Inc. (CSPI) and WEBTOON Entertainment Inc. (WBTN) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSPI and WBTN?
On 3 years of weekly data the CSPI/WBTN correlation comes out at 0.34, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1528.0 %².
Among the 12 assets we track against CSPI, WBTN ranks #5 by 3-year correlation. Neither side won the trailing year by much: -37.1% against -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.
CSPI vs WBTN: side by side
| CSPI (CSP Inc.) | WBTN (WEBTOON Entertainment Inc.) | |
|---|---|---|
| 1-year return | -37.1% | -34.4% |
| 5-year return | +76.7% | n/a |
| Volatility (ann.) | 74.2% | 80.5% |
| Beta vs S&P 500 | 1.67 | 1.69 |
| Max drawdown (3Y) | -73.4% | -70.6% |
| Market cap | $0.1B | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 1.52% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSPI | WBTN |
|---|---|---|
| 2022 | +8.0% | – |
| 2023 | +108.9% | – |
| 2024 | +66.1% | – |
| 2025 | -21.6% | -4.1% |
| 2026 | -36.5% | -23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSPI and WBTN good diversifiers for each other?
Reasonably. At 0.34, CSPI and WBTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CSPI and WBTN?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.32 over the last year and n/a over 5 years.
Is WBTN a good diversifier for CSPI?
Reasonably. At 0.34, CSPI and WBTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cspi-vs-wbtn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cspi-vs-wbtn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CSPI correlations · WBTN correlations
