MBI vs WBUY: Correlation
Measured on weekly returns over the past three years, MBIA Inc. (MBI) and WEBUY GLOBAL LTD. - Class A (WBUY) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBI and WBUY?
On 3 years of weekly data the MBI/WBUY correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.17) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -3593.5 %².
Out of 13 assets tracked against MBI, WBUY lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months MBI outperformed by 31.6 percentage points (-41.0% for MBI against -72.6% for WBUY). Risk is not evenly split, since WBUY carries 2.8 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.
MBI vs WBUY: side by side
| MBI (MBIA Inc.) | WBUY (WEBUY GLOBAL LTD. - Class A) | |
|---|---|---|
| 1-year return | -41.0% | -72.6% |
| 5-year return | -0.5% | n/a |
| Volatility (ann.) | 68.8% | 193.8% |
| Beta vs S&P 500 | 0.81 | 1.81 |
| Max drawdown (3Y) | -51.9% | -99.9% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MBI | WBUY |
|---|---|---|
| 2022 | -18.6% | – |
| 2023 | +9.2% | – |
| 2024 | +5.6% | -66.1% |
| 2025 | +10.8% | -93.7% |
| 2026 | -33.0% | -33.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBI and WBUY good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between MBI and WBUY?
As of 2026-08-27, the correlation of weekly returns between MBI and WBUY is -0.27 over 3 years, -0.17 over 1 year and n/a over 5 years.
Is WBUY a good diversifier for MBI?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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.
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Related comparisons
Hubs: MBI correlations · WBUY correlations
