IBEX vs WLDS: Correlation
Measured on weekly returns over the past three years, IBEX Limited - Common Share (IBEX) and Wearable Devices Ltd. (WLDS) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBEX and WLDS?
On 3 years of weekly data the IBEX/WLDS correlation comes out at 0.50, moderate. The past 12 months show a tighter link (0.74) than the 3-year average (0.50). The 5-year figure is 0.43, and annualized covariance runs at 10770.5 %².
In IBEX's tracked universe of 12 assets, WLDS sits right near the top at #2. The last year tells two different stories: IBEX led by 103.2 percentage points, +26.7% for IBEX against -76.5% for WLDS. Note the risk asymmetry: WLDS runs 10.5 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.
IBEX vs WLDS: side by side
| IBEX (IBEX Limited - Common Share) | WLDS (Wearable Devices Ltd.) | |
|---|---|---|
| 1-year return | +26.7% | -76.5% |
| 5-year return | +104.6% | n/a |
| Volatility (ann.) | 45.5% | 475.5% |
| Beta vs S&P 500 | 1.03 | 3.22 |
| Max drawdown (3Y) | -37.1% | -99.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 11.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBEX | WLDS |
|---|---|---|
| 2022 | +92.8% | – |
| 2023 | -23.5% | -21.1% |
| 2024 | +13.0% | -68.3% |
| 2025 | +77.7% | -86.9% |
| 2026 | -2.4% | -77.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBEX and WLDS good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between IBEX and WLDS?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.74 over the last year and 0.43 over 5 years.
Is WLDS a good diversifier for IBEX?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/ibex-vs-wlds.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ibex-vs-wlds/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IBEX correlations · WLDS correlations
