KPRX vs WBTN: Correlation
Measured on weekly returns over the past three years, Kiora Pharmaceuticals, Inc. (KPRX) and WEBTOON Entertainment Inc. (WBTN) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KPRX and WBTN?
On 3 years of weekly data the KPRX/WBTN correlation comes out at 0.41, moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.41). The 5-year figure is n/a, and annualized covariance runs at 1669.9 %².
In KPRX's tracked universe of 11 assets, WBTN sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months KPRX outperformed by 27.4 percentage points (-7.0% for KPRX against -34.4% for WBTN).
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.
KPRX vs WBTN: side by side
| KPRX (Kiora Pharmaceuticals, Inc.) | WBTN (WEBTOON Entertainment Inc.) | |
|---|---|---|
| 1-year return | -7.0% | -34.4% |
| 5-year return | -99.6% | n/a |
| Volatility (ann.) | 60.9% | 80.5% |
| Beta vs S&P 500 | 1.09 | 1.69 |
| Max drawdown (3Y) | -76.5% | -70.6% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KPRX | WBTN |
|---|---|---|
| 2022 | -94.3% | – |
| 2023 | -84.8% | – |
| 2024 | -29.8% | – |
| 2025 | -40.3% | -4.1% |
| 2026 | +35.0% | -23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KPRX and WBTN good diversifiers for each other?
Reasonably. At 0.41, KPRX and WBTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KPRX and WBTN?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.13 over the last year and n/a over 5 years.
Is WBTN a good diversifier for KPRX?
Reasonably. At 0.41, KPRX and WBTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/kprx-vs-wbtn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kprx-vs-wbtn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KPRX correlations · WBTN correlations
