DWSN vs WLYB: Correlation
Measured on weekly returns over the past three years, Dawson Geophysical Company (DWSN) and John Wiley & Sons, Inc. (WLYB) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DWSN and WLYB?
Over the past 3 years, DWSN and WLYB moved with a correlation of 0.30, which is moderate. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 980.3 %².
Within DWSN's tracked universe of 17 assets, WLYB comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DWSN ahead by 52.6 points (+93.5% versus +40.9%). Note the risk asymmetry: DWSN runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DWSN vs WLYB: side by side
| DWSN (Dawson Geophysical Company) | WLYB (John Wiley & Sons, Inc.) | |
|---|---|---|
| 1-year return | +93.5% | +40.9% |
| 5-year return | +93.2% | +10.5% |
| Volatility (ann.) | 86.8% | 37.4% |
| Beta vs S&P 500 | -0.14 | 0.31 |
| Max drawdown (3Y) | -64.3% | -41.5% |
| Market cap | $0.1B | $2.8B |
| P/E (trailing) | 27.1 | 13.0 |
| Dividend yield | 0.00% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DWSN | WLYB |
|---|---|---|
| 2022 | -15.5% | -27.5% |
| 2023 | -6.6% | -14.7% |
| 2024 | -14.2% | +41.5% |
| 2025 | +16.4% | -27.3% |
| 2026 | +108.3% | +78.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DWSN and WLYB good diversifiers for each other?
Reasonably. At 0.30, DWSN and WLYB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DWSN and WLYB?
The DWSN/WLYB correlation stands at 0.30 on a 3-year window (1 year: 0.29, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is WLYB a good diversifier for DWSN?
Reasonably. At 0.30, DWSN and WLYB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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.
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Related comparisons
Hubs: DWSN correlations · WLYB correlations
