GAIA vs WBTN: Correlation
How closely do Gaia, Inc. (GAIA) and WEBTOON Entertainment Inc. (WBTN) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GAIA and WBTN?
Over the past 3 years, GAIA and WBTN moved with a correlation of 0.40, which is moderate. The link has loosened recently: the 1-year correlation (0.25) runs below the 3-year figure (0.40). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2015.2 %².
In GAIA's tracked universe of 12 assets, WBTN sits right near the top at #2. Correlation aside, the last 12 months split them widely, with WBTN ahead by 37.2 points (-71.6% versus -34.4%).
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.
GAIA vs WBTN: side by side
| GAIA (Gaia, Inc.) | WBTN (WEBTOON Entertainment Inc.) | |
|---|---|---|
| 1-year return | -71.6% | -34.4% |
| 5-year return | -83.8% | n/a |
| Volatility (ann.) | 55.6% | 80.5% |
| Beta vs S&P 500 | 0.80 | 1.69 |
| Max drawdown (3Y) | -81.3% | -70.6% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GAIA | WBTN |
|---|---|---|
| 2022 | -72.2% | – |
| 2023 | +13.4% | – |
| 2024 | +66.3% | – |
| 2025 | -19.2% | -4.1% |
| 2026 | -56.2% | -23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GAIA and WBTN good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GAIA and WBTN?
As of 2026-08-27, the correlation of weekly returns between GAIA and WBTN is 0.40 over 3 years, 0.25 over 1 year and n/a over 5 years.
Is WBTN a good diversifier for GAIA?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gaia-vs-wbtn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gaia-vs-wbtn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GAIA correlations · WBTN correlations
