MPU vs WBX: Correlation
Measured on weekly returns over the past three years, Mega Matrix Inc. Class A (MPU) and Wallbox N.V. Class A (WBX) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPU and WBX?
Over the past 3 years, MPU and WBX moved with a correlation of 0.47, which is moderate. The link has loosened recently: the 1-year correlation (0.06) runs below the 3-year figure (0.47). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 62608.5 %².
WBX is one of the assets that tracks MPU most closely: it ranks #1 out of the 10 assets we track against MPU. Their recent paths diverged sharply: over the last 12 months WBX outperformed by 59.4 percentage points (-91.3% for MPU against -31.9% for WBX). One caveat on sizing: WBX is 7.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MPU vs WBX: side by side
| MPU (Mega Matrix Inc. Class A) | WBX (Wallbox N.V. Class A) | |
|---|---|---|
| 1-year return | -91.3% | -31.9% |
| 5-year return | -96.8% | -70.7% |
| Volatility (ann.) | 137.9% | 975.4% |
| Beta vs S&P 500 | 1.05 | 4.88 |
| Max drawdown (3Y) | -95.1% | -91.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MPU | WBX |
|---|---|---|
| 2022 | -85.3% | -78.1% |
| 2023 | -19.9% | -51.1% |
| 2024 | -1.4% | -71.4% |
| 2025 | -34.5% | +367.1% |
| 2026 | -75.2% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPU and WBX good diversifiers for each other?
Reasonably. At 0.47, MPU and WBX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MPU and WBX?
The MPU/WBX correlation stands at 0.47 on a 3-year window (1 year: 0.06, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is WBX a good diversifier for MPU?
Reasonably. At 0.47, MPU and WBX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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/mpu-vs-wbx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mpu-vs-wbx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MPU correlations · WBX correlations
