FOSL vs WBTN: Correlation
How closely do Fossil Group, Inc. (FOSL) and WEBTOON Entertainment Inc. (WBTN) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOSL and WBTN?
Over the past 3 years, FOSL and WBTN moved with a correlation of 0.48, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.48 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3643.4 %².
WBTN is one of the assets that tracks FOSL most closely: it ranks #1 out of the 13 assets we track against FOSL. The last year tells two different stories: FOSL led by 110.2 percentage points, +75.8% for FOSL 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.
FOSL vs WBTN: side by side
| FOSL (Fossil Group, Inc.) | WBTN (WEBTOON Entertainment Inc.) | |
|---|---|---|
| 1-year return | +75.8% | -34.4% |
| 5-year return | -60.8% | n/a |
| Volatility (ann.) | 92.1% | 80.5% |
| Beta vs S&P 500 | 1.49 | 1.69 |
| Max drawdown (3Y) | -65.5% | -70.6% |
| Market cap | $0.3B | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FOSL | WBTN |
|---|---|---|
| 2022 | -58.1% | – |
| 2023 | -66.1% | – |
| 2024 | +14.4% | – |
| 2025 | +125.1% | -4.1% |
| 2026 | +43.1% | -23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOSL and WBTN good diversifiers for each other?
Reasonably. At 0.48, FOSL and WBTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FOSL and WBTN?
The FOSL/WBTN correlation stands at 0.48 on a 3-year window (1 year: 0.20, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WBTN a good diversifier for FOSL?
Reasonably. At 0.48, FOSL and WBTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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.
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Related comparisons
Hubs: FOSL correlations · WBTN correlations
