INBX vs WGO: Correlation
How closely do Inhibrx Biosciences, Inc. (INBX) and Winnebago Industries, Inc. (WGO) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INBX and WGO?
Across a 3-year window, the weekly returns of INBX and WGO correlate at 0.44, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.44 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 1641.2 %².
WGO is one of the assets that tracks INBX most closely: it ranks #2 out of the 16 assets we track against INBX. The last year tells two different stories: INBX led by 365.6 percentage points, +352.3% for INBX against -13.3% for WGO. Risk is not evenly split, since INBX carries 1.9 times the volatility of the other side.
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.
INBX vs WGO: side by side
| INBX (Inhibrx Biosciences, Inc.) | WGO (Winnebago Industries, Inc.) | |
|---|---|---|
| 1-year return | +352.3% | -13.3% |
| 5-year return | n/a | -52.5% |
| Volatility (ann.) | 80.6% | 43.3% |
| Beta vs S&P 500 | 1.34 | 1.09 |
| Max drawdown (3Y) | -44.1% | -60.5% |
| Market cap | $1.8B | $0.9B |
| P/E (trailing) | – | 22.3 |
| Dividend yield | 0.00% | 4.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INBX | WGO |
|---|---|---|
| 2022 | – | -28.7% |
| 2023 | – | +40.9% |
| 2024 | – | -33.1% |
| 2025 | +413.0% | -11.9% |
| 2026 | +56.9% | -22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INBX and WGO good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INBX and WGO?
The INBX/WGO correlation stands at 0.44 on a 3-year window (1 year: 0.48, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WGO a good diversifier for INBX?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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.
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Related comparisons
Hubs: INBX correlations · WGO correlations
