MTCH vs WBTN: Correlation
Measured on weekly returns over the past three years, Match Group, Inc. (MTCH) and WEBTOON Entertainment Inc. (WBTN) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTCH and WBTN?
On 3 years of weekly data the MTCH/WBTN correlation comes out at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 972.4 %².
Within MTCH's tracked universe of 12 assets, WBTN comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MTCH outperformed by 47.0 percentage points (+12.6% for MTCH against -34.4% for WBTN). Note the risk asymmetry: WBTN runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MTCH vs WBTN: side by side
| MTCH (Match Group, Inc.) | WBTN (WEBTOON Entertainment Inc.) | |
|---|---|---|
| 1-year return | +12.6% | -34.4% |
| 5-year return | -69.2% | n/a |
| Volatility (ann.) | 32.0% | 80.5% |
| Beta vs S&P 500 | 0.49 | 1.69 |
| Max drawdown (3Y) | -41.6% | -70.6% |
| Market cap | $9.6B | $1.4B |
| P/E (trailing) | 14.9 | – |
| Dividend yield | 1.85% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTCH | WBTN |
|---|---|---|
| 2022 | -68.6% | – |
| 2023 | -12.0% | – |
| 2024 | -10.4% | – |
| 2025 | +1.0% | -4.1% |
| 2026 | +29.9% | -23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTCH 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 MTCH and WBTN?
As of 2026-08-27, the correlation of weekly returns between MTCH and WBTN is 0.38 over 3 years, 0.42 over 1 year and n/a over 5 years.
Is WBTN a good diversifier for MTCH?
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?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mtch-vs-wbtn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mtch-vs-wbtn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MTCH correlations · WBTN correlations
