FLYX vs WBTN: Correlation
Measured on weekly returns over the past three years, flyExclusive, Inc. (FLYX) and WEBTOON Entertainment Inc. (WBTN) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLYX and WBTN?
Over the past 3 years, FLYX and WBTN moved with a correlation of 0.41, which is moderate. The past 12 months show a weaker link (0.25) than the 3-year average (0.41). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3171.3 %².
Few assets follow FLYX as closely as WBTN, which ranks #1 of 12 tracked partners. Their recent paths diverged sharply: over the last 12 months WBTN outperformed by 35.3 percentage points (-69.7% for FLYX against -34.4% for WBTN).
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.
FLYX vs WBTN: side by side
| FLYX (flyExclusive, Inc.) | WBTN (WEBTOON Entertainment Inc.) | |
|---|---|---|
| 1-year return | -69.7% | -34.4% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 110.3% | 80.5% |
| Beta vs S&P 500 | 0.67 | 1.69 |
| Max drawdown (3Y) | -94.3% | -70.6% |
| Market cap | $0.2B | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLYX | WBTN |
|---|---|---|
| 2024 | -42.7% | – |
| 2025 | +30.5% | -4.1% |
| 2026 | -68.9% | -23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYX and WBTN good diversifiers for each other?
Reasonably. At 0.41, FLYX and WBTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FLYX and WBTN?
The FLYX/WBTN correlation stands at 0.41 on a 3-year window (1 year: 0.25, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WBTN a good diversifier for FLYX?
Reasonably. At 0.41, FLYX and WBTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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/flyx-vs-wbtn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/flyx-vs-wbtn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLYX correlations · WBTN correlations
