HAFC vs WBD: Correlation
Hanmi Financial Corporation (HAFC) and Warner Bros. Discovery (WBD) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAFC and WBD?
Over the past 3 years, HAFC and WBD moved with a correlation of 0.42, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.21 versus 0.42 over 3 years. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 744.8 %².
Among the 13 assets we track against HAFC, WBD ranks #7 by 3-year correlation. The last year tells two different stories: WBD led by 110.4 percentage points, +27.3% for HAFC against +137.7% for WBD. Note the risk asymmetry: WBD runs 1.7 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.
HAFC vs WBD: side by side
| HAFC (Hanmi Financial Corporation) | WBD (Warner Bros. Discovery) | |
|---|---|---|
| 1-year return | +27.3% | +137.7% |
| 5-year return | +104.5% | +3.7% |
| Volatility (ann.) | 32.5% | 54.7% |
| Beta vs S&P 500 | 0.90 | 1.19 |
| Max drawdown (3Y) | -26.9% | -48.9% |
| Market cap | $0.9B | $72.4B |
| P/E (trailing) | 10.5 | – |
| Dividend yield | 3.54% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | HAFC | WBD |
|---|---|---|
| 2022 | +8.5% | -59.7% |
| 2023 | -17.0% | +20.0% |
| 2024 | +28.7% | -7.1% |
| 2025 | +19.7% | +172.7% |
| 2026 | +18.5% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAFC and WBD good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HAFC and WBD?
The HAFC/WBD correlation stands at 0.42 on a 3-year window (1 year: 0.21, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is WBD a good diversifier for HAFC?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hafc-vs-wbd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hafc-vs-wbd/)
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Related comparisons
Hubs: HAFC correlations · WBD correlations
