GIBO vs WBX: Correlation
Measured on weekly returns over the past three years, GIBO Holdings Limited - Class A (GIBO) and Wallbox N.V. Class A (WBX) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIBO and WBX?
On 3 years of weekly data the GIBO/WBX correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.06 versus -0.28 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -32205.2 %².
WBX is close to the least connected end of GIBO's tracked universe, ranking #30 of 33. The last year tells two different stories: WBX led by 30.5 percentage points, -62.4% for GIBO against -31.9% for WBX. One caveat on sizing: WBX is 8.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GIBO vs WBX: side by side
| GIBO (GIBO Holdings Limited - Class A) | WBX (Wallbox N.V. Class A) | |
|---|---|---|
| 1-year return | -62.4% | -31.9% |
| 5-year return | n/a | -70.7% |
| Volatility (ann.) | 116.5% | 975.4% |
| Beta vs S&P 500 | -0.40 | 4.88 |
| Max drawdown (3Y) | -100.0% | -91.3% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIBO | WBX |
|---|---|---|
| 2022 | – | -78.1% |
| 2023 | – | -51.1% |
| 2024 | +7.8% | -71.4% |
| 2025 | -99.9% | +367.1% |
| 2026 | -38.3% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIBO and WBX good diversifiers for each other?
Yes. With a correlation of -0.28, GIBO and WBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GIBO and WBX?
As of 2026-08-27, the correlation of weekly returns between GIBO and WBX is -0.28 over 3 years, 0.06 over 1 year and n/a over 5 years.
Is WBX a good diversifier for GIBO?
Yes. With a correlation of -0.28, GIBO and WBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/gibo-vs-wbx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gibo-vs-wbx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GIBO correlations · WBX correlations
