IBEX vs WBD: Correlation
IBEX Limited - Common Share (IBEX) and Warner Bros. Discovery (WBD) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBEX and WBD?
Across a 3-year window, the weekly returns of IBEX and WBD correlate at 0.47, moderate. The link has tightened recently: the 1-year correlation (0.76) runs above the 3-year figure (0.47). Stretching to 5 years gives 0.38, with an annualized covariance of 1164.7 %².
Few assets follow IBEX as closely as WBD, which ranks #3 of 12 tracked partners. Their recent paths diverged sharply: over the last 12 months WBD outperformed by 111.0 percentage points (+26.7% for IBEX against +137.7% for WBD).
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.
IBEX vs WBD: side by side
| IBEX (IBEX Limited - Common Share) | WBD (Warner Bros. Discovery) | |
|---|---|---|
| 1-year return | +26.7% | +137.7% |
| 5-year return | +104.6% | +3.7% |
| Volatility (ann.) | 45.5% | 54.7% |
| Beta vs S&P 500 | 1.03 | 1.19 |
| Max drawdown (3Y) | -37.1% | -48.9% |
| Market cap | $0.5B | $72.4B |
| P/E (trailing) | 11.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | IBEX | WBD |
|---|---|---|
| 2022 | +92.8% | -59.7% |
| 2023 | -23.5% | +20.0% |
| 2024 | +13.0% | -7.1% |
| 2025 | +77.7% | +172.7% |
| 2026 | -2.4% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBEX and WBD good diversifiers for each other?
Reasonably. At 0.47, IBEX and WBD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IBEX and WBD?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.76 over the last year and 0.38 over 5 years.
Is WBD a good diversifier for IBEX?
Reasonably. At 0.47, IBEX and WBD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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/ibex-vs-wbd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ibex-vs-wbd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IBEX correlations · WBD correlations
