MTNB vs WBTN: Correlation
Matinas Biopharma Holdings, Inc. (MTNB) and WEBTOON Entertainment Inc. (WBTN) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTNB and WBTN?
On 3 years of weekly data the MTNB/WBTN correlation comes out at 0.42, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.13 versus 0.42 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 4377.3 %².
WBTN is one of the assets that tracks MTNB most closely: it ranks #2 out of the 10 assets we track against MTNB. The last year tells two different stories: WBTN led by 55.5 percentage points, -89.9% for MTNB 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.
MTNB vs WBTN: side by side
| MTNB (Matinas Biopharma Holdings, Inc.) | WBTN (WEBTOON Entertainment Inc.) | |
|---|---|---|
| 1-year return | -89.9% | -34.4% |
| 5-year return | -99.5% | n/a |
| Volatility (ann.) | 120.2% | 80.5% |
| Beta vs S&P 500 | 1.73 | 1.69 |
| Max drawdown (3Y) | -99.4% | -70.6% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTNB | WBTN |
|---|---|---|
| 2022 | -50.5% | – |
| 2023 | -56.8% | – |
| 2024 | -95.3% | – |
| 2025 | +14.9% | -4.1% |
| 2026 | -65.9% | -23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTNB and WBTN good diversifiers for each other?
Reasonably. At 0.42, MTNB and WBTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MTNB and WBTN?
As of 2026-08-27, the correlation of weekly returns between MTNB and WBTN is 0.42 over 3 years, 0.13 over 1 year and n/a over 5 years.
Is WBTN a good diversifier for MTNB?
Reasonably. At 0.42, MTNB and WBTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 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
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[](https://www.pairbook.io/pair/mtnb-vs-wbtn/)
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Related comparisons
Hubs: MTNB correlations · WBTN correlations
