GRDX vs WBTN: Correlation
Measured on weekly returns over the past three years, GridAI Technologies Corp. (GRDX) and WEBTOON Entertainment Inc. (WBTN) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRDX and WBTN?
On 3 years of weekly data the GRDX/WBTN correlation comes out at 0.40, moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.40 over 3. The 5-year figure is n/a, and annualized covariance runs at 5297.1 %².
WBTN is one of the assets that tracks GRDX most closely: it ranks #1 out of the 10 assets we track against GRDX. Correlation aside, the last 12 months split them widely, with GRDX ahead by 144.3 points (+109.9% versus -34.4%). Note the risk asymmetry: GRDX runs 2.0 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.
GRDX vs WBTN: side by side
| GRDX (GridAI Technologies Corp.) | WBTN (WEBTOON Entertainment Inc.) | |
|---|---|---|
| 1-year return | +109.9% | -34.4% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 157.9% | 80.5% |
| Beta vs S&P 500 | 1.09 | 1.69 |
| Max drawdown (3Y) | -97.7% | -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 | GRDX | WBTN |
|---|---|---|
| 2022 | -98.0% | – |
| 2023 | -96.6% | – |
| 2024 | -85.2% | – |
| 2025 | +149.7% | -4.1% |
| 2026 | -13.9% | -23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRDX 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 GRDX and WBTN?
The GRDX/WBTN correlation stands at 0.40 on a 3-year window (1 year: 0.31, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WBTN a good diversifier for GRDX?
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?
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/grdx-vs-wbtn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/grdx-vs-wbtn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GRDX correlations · WBTN correlations
