GOGO vs WBUY: Correlation
Gogo Inc. (GOGO) and WEBUY GLOBAL LTD. - Class A (WBUY) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOGO and WBUY?
Over the past 3 years, GOGO and WBUY moved with a correlation of 0.41, which is moderate. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.41). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 5039.0 %².
WBUY is one of the assets that tracks GOGO most closely: it ranks #3 out of the 10 assets we track against GOGO. Twelve-month performance is nearly a tie, at -75.7% for GOGO and -72.6% for WBUY. Note the risk asymmetry: WBUY runs 3.1 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.
GOGO vs WBUY: side by side
| GOGO (Gogo Inc.) | WBUY (WEBUY GLOBAL LTD. - Class A) | |
|---|---|---|
| 1-year return | -75.7% | -72.6% |
| 5-year return | -80.0% | n/a |
| Volatility (ann.) | 62.7% | 193.8% |
| Beta vs S&P 500 | 1.06 | 1.81 |
| Max drawdown (3Y) | -84.5% | -99.9% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOGO | WBUY |
|---|---|---|
| 2022 | +9.1% | – |
| 2023 | -31.4% | – |
| 2024 | -20.1% | -66.1% |
| 2025 | -42.4% | -93.7% |
| 2026 | -41.4% | -33.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOGO and WBUY good diversifiers for each other?
Reasonably. At 0.41, GOGO and WBUY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GOGO and WBUY?
As of 2026-08-27, the correlation of weekly returns between GOGO and WBUY is 0.41 over 3 years, 0.15 over 1 year and n/a over 5 years.
Is WBUY a good diversifier for GOGO?
Reasonably. At 0.41, GOGO and WBUY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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.
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Related comparisons
Hubs: GOGO correlations · WBUY correlations
