MLCI vs WBTN: Correlation
How closely do Mount Logan Capital Inc. (MLCI) and WEBTOON Entertainment Inc. (WBTN) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLCI and WBTN?
Over the past 3 years, MLCI and WBTN moved with a correlation of 0.38, which is moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.38). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1925.0 %².
Among the 12 assets we track against MLCI, WBTN ranks #6 by 3-year correlation. Their 12-month results are close: -30.2% for MLCI 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.
MLCI vs WBTN: side by side
| MLCI (Mount Logan Capital Inc.) | WBTN (WEBTOON Entertainment Inc.) | |
|---|---|---|
| 1-year return | -30.2% | -34.4% |
| 5-year return | -55.0% | n/a |
| Volatility (ann.) | 54.8% | 80.5% |
| Beta vs S&P 500 | 0.45 | 1.69 |
| Max drawdown (3Y) | -68.8% | -70.6% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 4.68% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MLCI | WBTN |
|---|---|---|
| 2022 | -28.2% | – |
| 2023 | -22.3% | – |
| 2024 | -10.5% | – |
| 2025 | +125.7% | -4.1% |
| 2026 | -60.2% | -23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLCI and WBTN good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MLCI and WBTN?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.57 over the last year and n/a over 5 years.
Is WBTN a good diversifier for MLCI?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/mlci-vs-wbtn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mlci-vs-wbtn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MLCI correlations · WBTN correlations
