CWD vs WLDS: Correlation
CaliberCos Inc. (CWD) and Wearable Devices Ltd. (WLDS) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWD and WLDS?
On 3 years of weekly data the CWD/WLDS correlation comes out at 0.77, strong. The relationship has been stable: the 1-year correlation (0.86) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 71033.9 %².
Few assets follow CWD as closely as WLDS, which ranks #2 of 16 tracked partners. The trailing year gives CWD the advantage: -66.5% versus -76.5%, a 10.0-point spread. Risk is not evenly split, since WLDS carries 2.4 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.
CWD vs WLDS: side by side
| CWD (CaliberCos Inc.) | WLDS (Wearable Devices Ltd.) | |
|---|---|---|
| 1-year return | -66.5% | -76.5% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 194.6% | 475.5% |
| Beta vs S&P 500 | 1.40 | 3.22 |
| Max drawdown (3Y) | -98.7% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWD | WLDS |
|---|---|---|
| 2023 | – | -21.1% |
| 2024 | -45.8% | -68.3% |
| 2025 | -91.1% | -86.9% |
| 2026 | -54.0% | -77.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWD and WLDS good diversifiers for each other?
Only partially. A correlation of 0.77 means CWD and WLDS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CWD and WLDS?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.86 over the last year and n/a over 5 years.
Is WLDS a good diversifier for CWD?
Only partially. A correlation of 0.77 means CWD and WLDS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 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/cwd-vs-wlds.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cwd-vs-wlds/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CWD correlations · WLDS correlations
