MMA vs WLDS: Correlation
How closely do Mixed Martial Arts Group Limited (MMA) and Wearable Devices Ltd. (WLDS) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MMA and WLDS?
On 3 years of weekly data the MMA/WLDS correlation comes out at 0.51, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.73 versus 0.51 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 36216.2 %².
In MMA's tracked universe of 10 assets, WLDS sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months MMA outperformed by 24.9 percentage points (-51.6% for MMA against -76.5% for WLDS). Risk is not evenly split, since WLDS carries 3.5 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.
MMA vs WLDS: side by side
| MMA (Mixed Martial Arts Group Limited) | WLDS (Wearable Devices Ltd.) | |
|---|---|---|
| 1-year return | -51.6% | -76.5% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 134.6% | 475.5% |
| Beta vs S&P 500 | 2.08 | 3.22 |
| Max drawdown (3Y) | -92.2% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MMA | WLDS |
|---|---|---|
| 2023 | – | -21.1% |
| 2024 | – | -68.3% |
| 2025 | -20.6% | -86.9% |
| 2026 | -58.9% | -77.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MMA and WLDS good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MMA and WLDS?
As of 2026-08-27, the correlation of weekly returns between MMA and WLDS is 0.51 over 3 years, 0.73 over 1 year and n/a over 5 years.
Is WLDS a good diversifier for MMA?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/mma-vs-wlds.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mma-vs-wlds/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MMA correlations · WLDS correlations
