INSM vs WBUY: Correlation
Measured on weekly returns over the past three years, Insmed Incorporated (INSM) and WEBUY GLOBAL LTD. - Class A (WBUY) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INSM and WBUY?
On 3 years of weekly data the INSM/WBUY correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.23). The 5-year figure is n/a, and annualized covariance runs at -4511.4 %².
Out of 11 assets tracked against INSM, WBUY lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months INSM outperformed by 62.8 percentage points (-9.8% for INSM against -72.6% for WBUY). Note the risk asymmetry: WBUY runs 1.9 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.
INSM vs WBUY: side by side
| INSM (Insmed Incorporated) | WBUY (WEBUY GLOBAL LTD. - Class A) | |
|---|---|---|
| 1-year return | -9.8% | -72.6% |
| 5-year return | +339.0% | n/a |
| Volatility (ann.) | 100.1% | 193.8% |
| Beta vs S&P 500 | 0.74 | 1.81 |
| Max drawdown (3Y) | -56.5% | -99.9% |
| Market cap | $26.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INSM | WBUY |
|---|---|---|
| 2022 | -26.7% | – |
| 2023 | +55.1% | – |
| 2024 | +122.8% | -66.1% |
| 2025 | +152.1% | -93.7% |
| 2026 | -30.3% | -33.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSM and WBUY good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between INSM and WBUY?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.06 over the last year and n/a over 5 years.
Is WBUY a good diversifier for INSM?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/insm-vs-wbuy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/insm-vs-wbuy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INSM correlations · WBUY correlations
