INSG vs WDI: Correlation
Measured on weekly returns over the past three years, Inseego Corp. (INSG) and Western Asset Diversified Income Fund (WDI) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INSG and WDI?
Across a 3-year window, the weekly returns of INSG and WDI correlate at 0.38, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.38 over 3. Stretching to 5 years gives 0.33, with an annualized covariance of 449.2 %².
Among the 10 assets we track against INSG, WDI ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WDI ahead by 62.1 points (-64.4% versus -2.3%). Risk is not evenly split, since INSG carries 8.6 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.
INSG vs WDI: side by side
| INSG (Inseego Corp.) | WDI (Western Asset Diversified Income Fund) | |
|---|---|---|
| 1-year return | -64.4% | -2.3% |
| 5-year return | -94.8% | +14.7% |
| Volatility (ann.) | 100.6% | 11.7% |
| Beta vs S&P 500 | 2.19 | 0.46 |
| Max drawdown (3Y) | -80.2% | -14.1% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | 31.4 | 9.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INSG | WDI |
|---|---|---|
| 2022 | -85.6% | -23.3% |
| 2023 | -73.8% | +25.1% |
| 2024 | +366.4% | +13.9% |
| 2025 | +0.1% | +10.7% |
| 2026 | -57.2% | +0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSG and WDI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between INSG and WDI?
As of 2026-08-27, the correlation of weekly returns between INSG and WDI is 0.38 over 3 years, 0.40 over 1 year and 0.33 over 5 years.
Is WDI a good diversifier for INSG?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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/insg-vs-wdi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/insg-vs-wdi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INSG correlations · WDI correlations
