EXOD vs WSBF: Correlation
Exodus Movement, Inc. (EXOD) and Waterstone Financial, Inc. (WSBF) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXOD and WSBF?
Across a 3-year window, the weekly returns of EXOD and WSBF correlate at -0.19, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.04) runs above the 3-year figure (-0.19). Stretching to 5 years gives -0.16, with an annualized covariance of -979.8 %².
Among the 18 assets we track against EXOD, WSBF ranks #10 by 3-year correlation. The last year tells two different stories: WSBF led by 115.8 percentage points, -65.9% for EXOD against +49.9% for WSBF. Note the risk asymmetry: EXOD runs 7.5 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.
EXOD vs WSBF: side by side
| EXOD (Exodus Movement, Inc.) | WSBF (Waterstone Financial, Inc.) | |
|---|---|---|
| 1-year return | -65.9% | +49.9% |
| 5-year return | -64.9% | +33.3% |
| Volatility (ann.) | 196.6% | 26.2% |
| Beta vs S&P 500 | 0.78 | 0.61 |
| Max drawdown (3Y) | -94.8% | -26.5% |
| Market cap | $0.3B | $0.4B |
| P/E (trailing) | – | 12.1 |
| Dividend yield | 0.00% | 3.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXOD | WSBF |
|---|---|---|
| 2022 | -89.5% | -15.8% |
| 2023 | +12.2% | -13.1% |
| 2024 | +1233.9% | -0.9% |
| 2025 | -51.8% | +28.8% |
| 2026 | -37.2% | +30.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXOD and WSBF good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EXOD and WSBF?
The EXOD/WSBF correlation stands at -0.19 on a 3-year window (1 year: 0.04, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is WSBF a good diversifier for EXOD?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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/exod-vs-wsbf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/exod-vs-wsbf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXOD correlations · WSBF correlations
